
The Markets
NZX 50 index drops below 12,000 points
Friday 28th of January 2022
The S&P/NZX 50 Index fell 198 points, or 1.6%, to 11,852.15. Turnover was $202 million.
Equity markets have been in decline for the entire month as investors recalibrate company valuations in the context of higher interest rates, which are expected to shoot up as central banks try to rein in inflation.
“The US Federal Reserve got inflation wrong and the scramble to del...
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