It appears the staggering fall of markets, including Australia, the US, and the Asia Pacific region, to a four-month low yesterday, thrashed investor’s confidence to a significant low.

Even the New Zealand dollar could not be saved as it was seen falling to US86 cents by the end of the day. If market experts are to be heard, a large number of investors are avoiding making investment in any risky preposition. Investors are expecting to get disappointing results from Fisher and Paykel Healthcare, Freightways, Nuplex, and Fletcher Building under the benchmark index NZX-50.

Deciphering the current outlook of the market, Tyndall Investment Management Portfolio Manager Rickey Ward claimed that macro-economic factors have impacted New Zealand companies earlier and now, with the series of markets decline yesterday, future seems to be blurred.

As per reports, NZX 50 index was seen at a low of 3,369.101, a drop of 27.9 points, or 0.82%. However, the only hope resides in the fact that the comparative decline in New Zealand stock was low than in other markets, especially in Australia's S&P/ASX 200 Index which suffered a 2% fall.

“At the moment we are a star performer in the global markets. It's cold comfort. But the New Zealand economy is relatively attractive compared to other markets”, Mint Asset Management Portfolio Manager Shane Jolly said.