Australian consumer sentiment, China drag market down

Australian consumer sentiment, China drag market down
Westpac’s index of consumer sentiment in Australia released today dropped 6.9%. (Image: Westpac)
Riley Kennedy
Weaker-than-expected consumer sentiment figures across the Tasman and China’s continuing zero-covid policy dragged New Zealand’s benchmark index lower today.The S&P/NZX 50 index decreased 138.45 points, or 1.23%, to 11,290.34 points.    Across the main board, 44 shares rose and 83 fell. Turnover was $94.6 million.Craigs Investment Partners adviser Peter McIntyre said the top 50 was being dragged lower by a weaker day’s trading on some of the index’s top stocks.That was because of weaker consumer sentiment f...

More Markets

NZ sharemarket rises with gentailers leading
Markets Market close

NZ sharemarket rises with gentailers leading

Electricity gentailers pumped energy into the NZX.

Tom Raynel 09 May 2025
Steven Joyce to chair NZME
Markets

Steven Joyce to chair NZME

Tech expert Bowen Pan will also join, later on. 

Staff reporters 09 May 2025
NZME set to take on Trade Me for car sales
Markets

NZME set to take on Trade Me for car sales

Publicly listed NZME, owner of the NZ Herald and BusinessDesk, says it is exploring a new automotive digital classifieds platform, in a clear bid to take on Trade Me.Seeking to emulate the success of its property platform OneRoof, NZME said on Friday it had signed a memorandum of...

Staff reporters 09 May 2025
Bremworth getting back into synthetics
Primary Sector

Bremworth getting back into synthetics

Albeit in a small, but carefully curated, number of products.

Riley Kennedy 09 May 2025