The New Zealand share market dropped by just under one per cent in the opening minutes of trade in reaction to widespread weakness on world markets.
By 10.50 am S&P/NZX50 Index was down by 95 points at 10,855 following on from Wall Street's 1.8 per cent decline.
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The morning's declines were led by a2 Milk, which dropped by 23 cents to $12.98, and Fisher and Paykel Healthcare, which lost 45c to $17.00.
Earlier, the Dow Jones Industrial Average finished 494 points lower after at one point being down by 600 points, driven by concerns about the US manufacturing sector.
The Dow closed at 26,078.62.