12 Oct 2018

NZX tumble

From The Panel, 4:09 pm on 12 October 2018

The NZX-50 was down again today. Overnight the Dow Jones Industrial index shed 545 points. Concerns in the U.S. are around higher interest rates, a forecast of lower world growth, and of course the trade situation with China. The NZIER's prinicpal economist Peter Wilson explains what it all means for the New Zealand sharemarket.