Wellington in shutdown as quake fallout assessed; NZ trading, payments systems operating as normal

Sun, 13 Nov 2016

By Paul McBeth Nov. 14 (BusinessDesk) - Wellington is in shutdown as damage is assessed from a 7.5 magnitude earthquake in the upper South Island, although New Zealand's central bank and stock exchange officials say the nation's payments systems is unscathed and the stock market is expected to open as normal. The quake, centred near Seddon, killed two people, triggered tsunami warnings, cut power and telecommunications in centres such as Kaikoura, and closed Wellington's CBD as damage to inner-city buildings is assessed. KiwiRail has pos...

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