New Zealand stock exchange monday august 8 2011 has stabilised

Indonesia stock info - New Zealand stock exchange monday august 8 2011 has stabilised ; The New Zealand stock exchange has stabilised this afternoon after sharp falls earlier today, but more markets around the world are continuing to suffer from investor concerns about the downgrading of the US credit rating.

The benchmark NZX-50 was down by more than 3 percent after the first hour of morning trading and reached its lowest levels in 11 months, but there have been no further falls in afternoon trading, with the NZX-50 index down by 2.62 per cent by 4pm.

The biggest drops were seen by Fisher & Paykel Healthcare, which fell 6.02 per cent; Goodman Fielder, which was down 5.56 per cent; and PGG Wrightson, down 4.17 per cent.

Today's early sharp fall came after the index plunged nearly 3 per cent on Friday, as investors feared further losses in US equities which had their worst selloff in two years on Thursday.

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