MARKET CLOSE: NZ market dives on escalating US-China trade war

MARKET CLOSE: NZ market dives on escalating US-China trade war
Victoria Young
By Victoria Young Aug. 6 (BusinessDesk) - The New Zealand share market took a hit in a day of red on signs China may use its currency to stand up to the US in the two countries’ escalating trade war.  The S&P/NZX 50 Index fell 178.86 points, or 1.7 percent, to 10,587.17. Within the index, 47 stocks fell, one rose and two were unchanged. Turnover was solid at $133.2 million. Cinema software provider Vista Group led the declines, down 5.4 percent at $5.65. The 258,500 shares traded were down on its 334,000 average the past three months....

More Markets

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025