Originally Posted by
Left field
The last few months have shown that NZX is a different animal to (say) ASX or DOW. Sure we are influenced by what happens in China etc., however the reality is that many of our companies are now much more well diversified than in the past, with strong international links and markets. Add to that the depth of local investing via the Super Fund, Kiwi Saver etc, add in some of the recent Free Trade agreements and our stock exchange is proving to be a bit more resilient than it has been.
So Black Monday….. maybe it was, and maybe the latest rise is a simply dead cat bounce….. but just maybe, the fundamentals of good NZ stocks are sufficient for them to stand proud. Time will tell.