Red ink: sharemarket decline continues amid US recession fears
The NZX50 and ASX200 again follow Wall Street’s weakness as health of US economy put in the spotlight.
The Aussie market opened sharply weaker again today, while the NZ sharemarket was down more than 1%.
Global sharemarkets have again fallen sharply today, following in the footsteps of Wall Street, amid worries about the health of the world’s largest economy.
At 12pm NZT, the NZX50 index declined about 1% and, by 1:30pm, was down by 2%. Over the Ditch, the losses were deeper, with the ASX200 index
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