Extreme volatility in financial markets could be the new normal

Author
Newstalk ZB,
Publish Date
Thu, 19 Mar 2020, 2:18PM
Photo / AP
Photo / AP

Extreme volatility in financial markets could be the new normal

Author
Newstalk ZB,
Publish Date
Thu, 19 Mar 2020, 2:18PM

Continued volatility in the financial markets is being seen as the new normal.

New Zealand's Super Fund is down about $10 billion dollars or 22 percent since the start of the year.

Super Fund chief executive Matt Whineray told Mike Hosking there's a remarkable level of volatility.

He says we've seen steeper falls than during the Global Financial Crisis and the biggest down day in the S&P 500 on Monday since 1987.

“There's quite a bit of fear driving markets at the moment and investors are taking note of the daily news flow, which investors are trying to incorporate as well."

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