MARKET CLOSE: NZ shares join global decline; US tariff move weighs on exporters

Paul McBeth
Tue, 03 Dec 2019

New Zealand shares joined a global sell-off as a revival in US trade protectionism added to pessimism among global investors. Local exporters were among the hardest hit as a stronger kiwi dollar combined with the souring sentiment. The S&P/NZX 50 Index dropped 73.71 points, or 0.7 percent, to 11,228.27. Within the index, 27 stocks fell, 16 rose, and seven were unchanged. Turnover was $173.3 million. Stocks across Asia fell, taking their cue from Wall Street where weaker US manufacturing data set a downbeat tone that was compounded by Pres...
Markets
MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide
Dan Brunskill | Wed, 12 Aug 2020

Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...

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Peter Griffin | Wed, 12 Aug 2020

We should have gone back into our state of covid-19 lockdown with an effective digital contact tracing technology in place.

Economy
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(Updates to add comment from RBNZ governor and assistant governor)  The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

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