Business News
New Zealand stocks plunge to 5-year low
Feb 23, 2009, 22:52 GMT
Wellington - The New Zealand stock market - the first in the world to open every day - plunged to a five-year low on Tuesday following the overnight slump on Wall Street.
The benchmark NZX-50 index fell below 2,500 for the first time since January 2004, dropping 47 points or 1.85 per cent to 2,491 by midday, after falling 38.4 points on Monday.
The value of all the top stocks, including Telecom and Fletcher Building, fell on low turnover.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
