The New Zealand sharemarket fell to its lowest level in a month this morning.
The local market today followed last Friday's slide on American markets, which which saw the Dow Jones Industrial Average down 2.4 percent, the S&P 500 fall 2.1 percent and the Nasdaq shed 2.7 percent.
The benchmark NZX-50 index fell more than 100 points - or nearly two percent - this morning, with all but two stocks falling. A short time ago it sat at 6054, down 1.87 percent.
Markets around the world have been rattled by plunging oil prices in recent weeks, with prices hitting 12-year lows last week.
Persistent fears about the outlook for the Chinese economy have been blamed for adding to the uncertainty.