24 Aug 2015

NZ sharemarket starts week in the red

3:46 pm on 24 August 2015

New Zealand's sharemarket has started the week in the red, after stock markets tumbled last week on concerns about slowing global growth in China.

At midday, the NZX Top 50 index had fallen two percent, or 115 points, to 5636.

Hamilton Hindin Greene director Grant Williamson said the falls have been modest.

"The sell-off is pretty much across the board, but it is on light volume," he said.

Wall Street fell more than 3 percent last week, while London's FTSE dropped about 3 percent, along with Germany's DAX and France's CAC.