The Australian stock exchange was down by two percent.
Photo: 123RF

A financial advisor believes the New Zealand stock exchange will be less affected by the latest global market trends than Australia.

The Australian stock exchange was two percent down when it closed trading yesterday evening, with some of the worst hit industries being mining and tech companies.

It came after some fears globally about investment returns on artificial intelligence.

Radical Investment financial advisor Darcy Ungaro said New Zealand’s main exports were quite different to those across the ditch.

“Specifically, commodities like iron and coal and the financial and banking industry. Obviously, there’s more tech companies in the ASX then the…