Late selling drives NZ sharemarket down

T&G Global returned to profit in the first half of this year and is upbeat on future prospects. (Image: NZME)

Fri, 08 Aug 2025

The New Zealand sharemarket ended Friday, its first day under a new United States tariff regime, weaker after a late bout of selling wiped out earlier gains.The S&P/NZX 50 Index ended 42.47 points (0.33%) lower at 12,844.63, with 32.5 million shares, worth $101.1m trading.There were 72 rises and 52 falls on the main board.As of Friday, US tariffs will raise the average US import duty to its highest in a century.Craigs Investment Partners investment director Mark Lister said the market had mostly gained over the week.“It’s been a...

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