A looming international trade war means things might get worse for Kiwi stock markets, before they get any better.
New Zealand's markets have dropped 1.7 percent this year as tensions between the US and China worsen.
Mark Lister from Craigs Investment Partners told Mike Hosking there's not much we can do about it.
He says as a small country, New Zealand just has to brace itself and go along for the ride.
“China is our biggest trading partner, so the market could be in for even more of a shake-up.”
He says while the low interest-rate environment isn't going to change,New Zealand's market can't offset an event this big.