Regulation fears spill into currency markets

Wed, 28 Jul 2021

The New Zealand dollar fell and shares were flat as China’s regulatory crackdown continues to weigh on investors’ minds.The S&P/NZX 50 Index fell 5 points, or less than 0.1%, to 12,595.32. Turnover was $202 million.Financial markets are still being driven by fear of a regulatory crackdown on listed companies from the world’s second biggest economy. China’s aggressive behaviour had mostly been affecting technology stocks but has begun to impact other assets. “The regulatory crackdown in China has led t...

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