Updated: 11:30 a.m. ET, Nov. 14, 2016
(Bloomberg) – A massive earthquake rocked New Zealand early Monday, killing two people, causing widespread damage and closing schools and businesses around the country. The local dollar weakened.
The magnitude 7.5 quake struck at 12:02 a.m. local lime and was centered in the South Island north of Christchurch, the country's third-largest city, seismic monitoring website GeoNet reported. It violently shook the capital city of Wellington at the southern end of the North Island. Workers there were urged to stay home so that high-rise buildings can be checked for safety.
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