Jeremy Hutton: Milford Asset Management Equities Analyst on the New Zealand share market taking a dive
It's been a choppy month for stock markets globally, with the NZX underperforming throughout August.
The NZX is currently down by 5 percent for the month, with experts concerned this dip has wiped out gains made in the first half of 2023.
Milford Asset Management analyst Jeremy Hutton says rising interest rates are a major factor in the downturn, as many economies are working to avoid recession.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.