7 Feb 2018

Stock market falls: 'We've been overdue for a correction'

From Morning Report, 7:10 am on 7 February 2018

The wild swing in world stock markets has continued overnight. Wall St has been on a rollercoaster ride, attempting a fight back after suffering its biggest one-day fall since 2011. But the European markets did not follow suit. They fell overnight, ending on a six-month low.

The Australian market closed down 3.2 percent on Tuesday, wiping $60 billion off stock values. Asian markets fell even more sharply, with the Hang Sen Index in Hong Kong down five percent and Japan's Nikkei index falling 4.7 percent.

New Zealand's market was closed on Tuesday for Waitangi Day and investors will be watching anxiously when it opens at 10am on Wednesday. Mark Lister of Craigs Investment Partners discusses what's expected with Susie Ferguson.