Blood bath on the NZ Stock Exchange – one of the largest single day drops since Covid
Global markets are shuddering as geopolitical tensions explode in the Middle East. New Zealand’s benchmark stock index has suffered one of its sharpest single-day falls since the Covid era, with investors reacting to surging oil prices and fears that the escalating conflict between the United States, Israel and Iran could trigger a wider economic shock.
One Of The Largest NZX Drops Since Covid
Down 420 points! That’s a stoner’s irony!
3.11% down – one of the largest single day drops since Covid!
War Fears Hammer Global Markets
No American Administration has ever been stupid enough to get conned by Israel into attacking Iran because EVERY SINGLE WAR GAMING SIMULATION has Iran shutting down the Straights as their first move by default.
Why Oil And The Strait Of Hormuz Matter
Right now they are rope-a-doping Israel and America until their interceptor missiles run out this week.
Trump mistakingly believed Iran would be as easy as Venezuela, that a religious zealot theocracy would be as easy to bully as a corrupt crony revolutionary Government.
Thank you Trump.
What This Means For KiwiSaver
Don’t check your KiwiSaver.
Financial markets have a brutal way of reacting to geopolitical stupidity. When wars threaten oil supply, investors panic, energy prices spike and economies shudder. Today’s bloodbath on the NZX is a reminder that decisions made thousands of kilometres away in Washington, Tehran and Tel Aviv can ripple straight through to KiwiSaver balances and household costs here in New Zealand.
The world’s most pessimistic amateur economist takes delight in a stock market downturn.
If stock markets are volatile will this create another property bubble? Maybe the alternative is that in a system that was already broken this will be the straw that breaks the camels back and causes a major depression?
The world’s most pessimistic amateur economist takes delight in a stock market downturn.
Bonnie another on the long list of left wing doomsayers.
Stock exchanges goes down and then up it is as regular as the tide. Look at the bounce back after covid it just needs the right government in power to tap the energy.
According to Trump Iran is destroyed already, yet he’s telling defence contractors to ramp up big time. I think the cupboards are bare. That’s why the Pentagon were leaking big time that this acquiesce to Israels agenda was a mistake