The Chinese stock meltdown and NZ

The Chinese stock meltdown and NZ

The dramatic rise and fall of the Chinese stock market does not augur well in the short term for New Zealand exports to the world’s second largest economy according to local economists. New Zealanders woke today to news of a downward spiral in the Chinese stock market. The Shanghai Composite index fell 5.9 percent, taking the value of shares to 32 percent below their peak in June. But lying beneath that headline number the story is about a stock market which has seen a large correction over a short period of time.

Scroll to top