The New Zealand sharemarket has fallen on the back of hefty losses on Wall St.
The benchmark NZX 50 index was down 47 points, or 1.5%, to 31.69, on turnover of $24 million at 12.23pm.
Fletcher Building was down 14 cents to $8.18, Telecom 3 cents to $2.51, and Contact Energy 10 cents to $6.16.
Sky City Entertainment was down 6 cents to $3.41, Auckland International Airport down 4 cents to $1.98 and Fisher & Paykel Healthcare down 3 cents to $3.07.
Infratil was unchanged at $1.63 after forcing the City of Luebeck to buy back Infratil's 90% stake in Luebeck Airport for $64 million.
The Warehouse fell 8 cents to $4.46.
Across the Tasman, the Australian 200 index was down 121 points, or 2.6%, to 45 22.
In currency markets, the NZ dollar declined further on Monday morning and is trading at 71.54 US cents, 79.68 Australian, 43.53 pence, 64.07 yen and 0.4852 euro. The TWI is 65.75.
