The best performer this year among developed nations, New Zealand’s S&P/NZX 50 Index, has been a market darling, until now. The gauge is leading losses among major indexes as concern central banks are questioning loose monetary policy pummels risk appetite. The NZX’s so-called Z score, a measure of how many standard deviations away from zero, or the mean, the index has moved breached negative 4 for only the fifth time in more than eight years Monday, with three of those moves happening in the summer of 2011.
Before it's here, it's on the Bloomberg Terminal. LEARN MORE