16 Mar 2020

Shares slide as market opens

From Nine To Noon, 10:06 am on 16 March 2020
New Zealand's share market immediately fell two percent on opening

New Zealand's share market immediately fell two percent on opening Photo: RNZ / Rebekah Parsons-King

The New Zealand stock exchange has just opened 1.3 per cent down on Friday's close. Earlier the Reserve Bank governor cut the benchmark interest rate to the lowest level ever and  trading in Air New Zealand shares was halted. 

RNZ business editor Gyles Beckford.