
NZ market falls more than 7 per cent as country prepares for shutdown
The government today ratcheted up its response to Covid-19.
The government today ratcheted up its response to Covid-19.
The kiwi was trading at 56.38 US cents at 5pm.
The market is in for another rough ride.
Markets will remain highly volatile as Covid-19 continues to spread around the world.
Dairy and the dollar are working in our favour.
The Reserve Bank has stepped in to help smooth money markets.
Air New Zealand tumbling by a third after coming off a trading halt.
The kiwi was trading at 57.51 US cents at 5pm.
The market remains on edge as the virus continues to spread.
Tourism Holdings led the local market lower.
The New York Stock Exchange will temporarily close its historic trading floor.
The New Zealand sharemarket opened weaker after another decline on Wall Street.
The Aussie may fall further today if the Reserve Bank of Australia takes drastic action
Negotiations amid reports a queue of companies wanting to raise cash is forming.
Investor panic subsided and New Zealand.
The kiwi was trading at 59.60 US cents at 5pm.
The kiwi was trading at 60.50 US cents at 5pm.
Kiwi dollar jumps on news of the package.
The New Zealand sharemarket opened weaker after a 12 per cent fall on Wall Street.
Initially the Government focused on specific sectors; now its all about jobs it can save.
Volatility remains off the charts on international markets.
The NZX has reminded listed companies that it has circuit breakers available.
New Zealand shares fell lower as investors reacted to new requirements for travellers.
The kiwi was trading at 60.50 US cents at 5pm.
The group is calling for immediate measures to control the number of infections.
Volatility is expected to continue as virus fuels further travel restrictions.
Travel sector stocks took a hit when the New Zealand sharemarket opened weaker.
Big firms are starting to roll out major policy changes in response to coronavirus.