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Share markets shake

Thursday 15th of August 2019

Wall St sold off sharply on Wednesday after the US Treasury yield curve temporarily inverted.

When short-term bond yields are higher than long-term bonds, it is often assumed to be a sign of imminent recession.

The NZX was trading down 1.6% at midday Thursday.

Chris Douglas, a principal at My Fiduciary, said there was a "tremendous" amount of volatility in the market and growth was slowing around the world. "There's also geopolitical tensions, as well."

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