Infratil, Mainfreight hit by US news flow; NZX down 2.3%

Mainfreight shares have sunk nearly 25% so far this year. (Image: Supplied)

Tue, 22 Apr 2025

The New Zealand benchmark has followed US markets downward as news flowing from Washington, DC, continues to pulse through markets. After a four-day break over Easter, the S&P/NZX 50 fell 2.33% to 11,836.69 points on another day of light trading volumes. 31.95 million shares changed hands, totalling $105.1m in value traded. The US S&P 500, which was open on Monday, fell 2.36% as US President Donald Trump renewed his criticism of Federal Reserve chair Jerome Powell. At 5pm on Tuesday, the S&P/ASX200 was down a marginal...

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