Reply #11: NZ shares plunge after dive in world markets

[FarCenter]

An slump in European sharemarkets overnight sent New Zealand stocks plunging 4 per cent today, extending market losses to a record 14th consecutive session.

The New Zealand exchange's benchmark top-50 index dived 141 points in the first 30 minutes this morning to 3506, its lowest level since September 2006.

The index lost 5.4 per cent last week and had dropped 10 per cent already this year before today's plunge. The market is now down 19 per cent off its last peak in early October.

http://www.nzherald.co.nz/section/1/story.cfm?c_id=1&objectid=10488118

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Remember that there is another leg down for all the other markets before the US opens Tuesday