The S&P500 index fell 3.1 percent overnight, while the tech-heavy Nasdaq fell 4.4 percent. Japan's Topix was down 2.6 percent late today. The Australian dollar is faring slightly better.
However, when a report showed New Zealand's September trade deficit being the largest on record, the NZ dollar hardly moved. This was because this was largely due to fuel and one-offs, like aircraft imports. A lift in fruit and meat exports was also "more of a positive story."
Source: nzherald.co.nz
