Big fall in NZ stocks after Trump’s tariffs hit global markets
The New Zealand stock exchange has taken a big hit today – falling a total of 3.53% by the time it had closed this evening.
The falls being seen here and overseas haven’t been experienced since the start of the pandemic in 2020 caused markets to tumble worldwide.
Earlier today, the Australian sharemarket was a sea of red with shares plunging more than 6% at the opening bell. This wiped more than NZ$160 billion off the value of the index.
Japan’s Nikkei fell by more than 8% shortly after it opened.
In Hong Kong, the Hang Seng Index had fallen 12.61% by 6.15pm NZ time.
The NZ dollar has also fallen further today, sitting at 56 US cents this evening.
That mirrored the picture across the Tasman where the Australian dollar traded at 60 US…
