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NZ Markets Keep Slipping Throughout Week

October 11, 2008 International FinanceNew Zealand FinanceNew Zealand Taxation  No comments

The week ending 12th of October, saw continued falls in the New Zealand Stock Exchange.

Following Black Tuesday, the New Zealand Stock Exchange (NZX) has progressively closed on a down note. The last trading day of the week, Friday the 10th of October, saw a fall of 4.724%. This trend is continued to an even greater extent in markets throughout the world. By trading close on the Friday, the Japanese market closed 7.7 % down, with drops as low as 11%, and the Australian market saw a drop of over 8%. Trading on the NZX on the Friday was characterized by the NZSX-50, which was faced with the fact that there were only 9 rises throughout the day, and 94 falls.

Locally, solutions have been proposed from many parties...

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