Brexit: what's to come for NZ marketsBrexit 'Votein' ad attracts ridiculeNew Zealand markets are feeling the ripple effects of global jitters around Brexit with more volatility expected over the next few days. ASB chief economist Nick Tuffley​ said New Zealand markets were "still going to be hostages to the polls" leading up to Friday. That showed that despite being far away from Europe, New Zealand was not immune to Brexit effects, he said. If Britain remained, sharemarkets would respond positively, with Britain and Europe rallying the most and New Zealand and the US more modestly. Sign up for the Two Minutes of Stuff newsletterCraigs Investment Partners head of private wealth research Mark Lister said the New Zealand sharemarket's drop last week was the worst weekly performance in the past four months.

Source: Stuff June 21, 2016 02:20 UTC