NZX50 drops 2.6% to a two-year low
The result follows a rough Friday on Wall Street.
New Zealand market sailing close to a bear market.
The S&P/NZX50 slid to a low today that hasn’t been seen in two years, since June 2020.
The index that compromises New Zealand’s 50 biggest stocks dropped 2.5% to 10,859 points, as at 4.45pm today.
While Kiwis enjoyed the weekend, Friday was a rough day on Wall Street as markets reacted to a
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