Defensive stocks provide stability for NZX amid tariff turmoil

Defensive stocks provide stability for NZX amid tariff turmoil
Craigs Investment Partners senior research analyst Mohandeep Singh said there was a “two-speed” reaction in the market to US President Donald Trump's tariffs. (Image: Getty)
Staff reporters
Don’t mention it too loudly, but NZ has so far escaped from US President Donald Trump’s tariff regime relatively unscathed. The NZX has had a rough few days, however, market watchers say the defensive nature of many of our largest listed firms combined with the comparatively low tariff at 10% gives NZ breathing room. The NZ dollar is also being pushed lower, which will ameliorate some of the tariff effects for exporters. However, early Thursday morning, US President Donald Trump authorised a 90-day pause on reciprocal...

More Markets

All is not necessarily lost for Pacific Edge – Forsyth Barr
Markets

All is not necessarily lost for Pacific Edge – Forsyth Barr

Pacific Edge shares fell 26% to 8.4 cents on Monday, but “all is not necessarily lost”, said Forsyth Barr analysts.A local coverage determination in the United States means the company will no longer receive reimbursement for its Cxbladder tests from Medicare. Centres for Medicar...

Fonterra's plans unchanged despite court ruling
Primary Sector

Fonterra's plans unchanged despite court ruling

Bega reiterates its interest in Oceania business. 

Rakon reveals Chinese customer dropped
Markets

Rakon reveals Chinese customer dropped

High-tech manufacturer also says it had more than one interested buyer for the business.

Millennium Copthorne independent directors reject new offer but there is a caveat
Markets

Millennium Copthorne independent directors reject new offer but there is a caveat

Millennium & Copthorne Hotels New Zealand (MCK) independent directors recommended that minority shareholders steer clear of an increased offer from CDL Hotel Holdings NZ (CDLHH), but there was a caveat. In January, the subsidiary of the Singapore Stock Exchange-listed City Develo...