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The Markets

Currency volatility drives NZ market down

Friday 30th of September 2022

The S&P/NZX 50 Index fell 134.3 points, or 1.2%, to 11,065.71. Turnover was $229.2 million, much higher on end-of-month trading.

Currency markets have been scrambling all week and this bled into stock markets after the UK’s new government chancellor Kwasi Kwarteng announced a major fiscal spending package with considerable tax cuts last Friday.

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