The debt crisis of the Eurozone seems to have taken on the economy of the entire word and there are upheavals seen in many places of the world because of the same. In a recent report it has been revealed that the stocks in the New Zealand markets have seen a downturn in the recent times.

The Eurozone crisis seems to be contagious, and is affecting the world market. There has been a decline in the Gas and Oil levels in New Zealand.

There was a fall of 21.93 points recorded in the 50 index of New Zealand. The turnover of the nation was recorded to be $98.8 million.

The currency of the nation saw a slump to 81.79 U. S. cents from the 82.40 cents it had been in the recent past.

Asian markets were also not left untouched. It has been revealed that there is need for the developed nations to get their economic status under control so that they don't have to rely on China conveying the message that they cannot do much to help Eurozone with its debt crisis.

"There has been some concern with regard to their debt funding and that is causing a wee bit of concern around the market", said Equities Manager at Tyndall Investment Management, James Lindsay.