The earthquake is a 7.8, and it’s that big red dot in the Pacific, near New Zealand.
There are tsunami fears. Warnings are in effect for Tonga and the Kermadec Islands, according to the Pacific Tsunami Warning centre. Update: It appears the tsunami warnings have been canceled.
The New Zealand dollar is falling a bit on the news. You can see the big dropoff on the Kiwi on this chart.
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