Investors Down Under should keep a close eye on Saturday’s election in New Zealand, a race that has already captivated currency markets. That’s the view from Morgan Stanley. “Australian investors don’t typically gaze across the ditch for risk events but our revenue exposure analysis suggests more NZ linkage than one might imagine,” strategists led by Daniel Blake told clients in a note. About 43 members of the S&P/ASX 200 benchmark get a “meaningful” share of revenue across the Tasman Sea, the strategists wrote. Among the big four Australian banks that proportion is as large as 15 percent, and a weaker New ... (full story)