MARKET CLOSE: NZ shares join global rally as upcoming US-China trade buoys investors

MARKET CLOSE: NZ shares join global rally as upcoming US-China trade buoys investors
Paul McBeth
New Zealand shares joined a global rally as the upcoming preliminary trade deal between the US and China underpinned optimism about global growth, and revived confidence in tech stocks such as Gentrack. The S&P/NZX 50 Index advanced 81.46 points, or 0.7 percent, to 11,625.13. Within the index, 28 stocks rose, 15 fell and seven were unchanged. Turnover was $173.7 million. Stocks across Asia were largely stronger as investors took the US decision to stop calling China a currency manipulator as a major step in de-escalating tensions between...

More Markets

Warehouse drops guidance, loss now in scope
Retail

Warehouse drops guidance, loss now in scope

The retailer has raised the possibility of a full-year earnings loss.

Xero’s Melio ‘leap of faith’
Markets Analysis

Xero’s Melio ‘leap of faith’

The NZ-founded company’s giant-killer dreams in the US hinge on this huge bet. 

NZX ends half year down 3.6%
Markets Market Close

NZX ends half year down 3.6%

"We’ve continued to lag relative to other markets," analyst says.

Gregor Thompson 30 Jun 2025