New Zealand share prices fell sharply on light volume in response to another terrible day's trading on Wall Street
New Zealand share prices fell sharply on light volume in response to another terrible day's trading on Wall Street
17 June 2022
Investors are becoming increasingly worried about economic slowdown or recession with cyclical parts of markets getting bashed.
By midday, the NZX50 index was down by 1.8 percent after a mostly flat session yesterday.
On Wall Street, stocks were sold off sharply after Switzerland and the UK joined a global rush to raise interest rates.
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