New Zealand’s benchmark stock market the NZ50 fell 65.21 points or 0.57% on the last trading day of the year to finish at 11,473.24, with a loss of 12% for 2022. The mood of the market was in tune with global markets hit by soaring inflation, and aggressive monetary tightening from the Reserve Bank of New Zealand. The RBNZ raised its Official Cash Rate by another 75 bps to 4.25% at its last meeting, the highest since January 2009. The … Continue reading “New Zealand Stocks Fall 12% in 2022 with Chinese Contagion”