New Zealand's sharemarket closed at its lowest level in more than two months but again escaped the battering felt by other markets.
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The benchmark top 50 index fell more than 1.5 percent in early trading, but slowly improved through the day to close down 85 points, or 1 percent.
The falls outnumbered the rises by more than 10 to one, but many of the leading stocks have fallen only a few cents.
So far this week, New Zealand's market has fallen more than 4 percent, and is at its lowest since November.
Most markets around Asia have followed Wall Street, which plunged more than 4 percent overnight.
The expectation is the volatility will hit European and US markets again.
