MARKET OPEN: Nasdaq rally, China stimulus to spur buying interest

MARKET OPEN: Nasdaq rally, China stimulus to spur buying interest
Rebecca Howard
The domestic market is likely in for a better day as a tech-rally pushed the Nasdaq to another record high and China's central bank pumped more money into New Zealand’s largest trading partner. Both the Nasdaq and the S&P 500 benefited when chipmaker Nvidia Corp – due to report Wednesday in the US – was up about 7 percent after analysts raised their price targets, Reuters reported. The Nasdaq was up 1.0 percent at 8am in Wellington, the Dow Jones Industrial Average was down 0.3 percent and the S&P 500 was up 0.3 percent. Domestic inves...

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NZ sharemarket falls over 1%
Markets Market Close

NZ sharemarket falls over 1%

The S&P/NZX 50 Index closed at 156.22 points, or down 1.16%.

Graham Skellern 18 Nov 2025
1,200 Air NZ flight attendants vote to take strike action
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1,200 Air NZ flight attendants vote to take strike action

About 1,200 Air New Zealand cabin crew have voted to take strike action, the union says.The union said those who voted for strike action worked across international, domestic and regional routes and had been trying for months to get better pay and rosters.Michael Wood, director o...

Staff reporters 18 Nov 2025
Sanford profit surges 224% as debt falls and aquaculture lifts earnings
Markets

Sanford profit surges 224% as debt falls and aquaculture lifts earnings

Better cash flow and lower debt helped drive seafood company Sanford’s net profit up by 223.8% to $63.7 million in the September year.Revenue was steady at $584.1m, and Sanford’s earnings before interest and tax came to $102.1m, up 88%.Managing director David Mair said it was an...

Staff reporters 18 Nov 2025
Serko swells in India, GetThere adds $8.8m revenue
Markets

Serko swells in India, GetThere adds $8.8m revenue

CEO says result is strongest ever as shares soar more than 8% in early trading.