MARKET CLOSE: NZ shares fall on growth fears, trade war expansion

MARKET CLOSE: NZ shares fall on growth fears, trade war expansion
Jenny Ruth
New Zealand shares continued to decline in the wake of data suggesting the US economy is slowing and after the US threatened to open another front in its trade war, this time with Europe. The benchmark S&P/NZX 50 Index fell 130.43 points, or 1.2 percent, to 10,821.21. Within the index, 38 stocks fell, eight rose and four were unchanged. Turnover was $107.8 million. The broad measure of US stocks, the S&P 500 Index, shed nearly 1.8 percent overnight and most markets in Asia are down today. The New Zealand market held up well by comparis...

More Markets

NZ sharemarket down as retail spending stalls in new data
Markets Market Close

NZ sharemarket down as retail spending stalls in new data

April figures from Stats NZ show spending in the retail industry that month was flat.

Tom Raynel 14 May 2025
How Sharesies is providing ‘patient’ capital for listeds
Finance

How Sharesies is providing ‘patient’ capital for listeds

The online platform is being tapped for bookbuilds and dividend reinvestment plans.

NZX rallies 0.87% as tariff uncertainty eases
Markets Market Close

NZX rallies 0.87% as tariff uncertainty eases

Skellerup bounced 4.11% as investors digested easing tariffs. 

Gregor Thompson 13 May 2025
Flick not profitable before $70m sale to Meridian
Markets

Flick not profitable before $70m sale to Meridian

After eight years of trying in electricity retailing, Z throws in the towel.

Ian Llewellyn 13 May 2025