The New Zealand and Australian stock markets have followed Wall Street and European markets downwards.
By 12.25pm on Tuesday, the NZX 50 index had fallen 15 points, or 0.4%, to 3449 on turnover of $32 million.
Across the Tasman, the ASX200 was down 45 points or 0.9%, to 4816.
The New Zealand dollar was trading at 78.73 US cents, 75.09 Australian cents, 48.41 pence, 64.98 yen and 0.5531 euro. The Trade Weighted Index was at 68.53.
Fletcher Building was down 9 cents at $9.05 and Contact Energy was down 4c at $5.78.
Telecom down 0.5c to $2.06 after being fined $12 million for a breach of the Commerce Act.
The Warehouse was down 1c to $3.52 after announcing that chairman Keith Smith will step down from the role but remain a director on the board from May 2nd
Tourism Holdings was unchanged at 73c after a partial takeover offer.
Sky City Entertainment was down 2c to $3.42 and Sky Network Television was down 1c at $5.74.
Mainfreight was down 4c to $9.30 and Infratil was down 2c at $1.82.
