MARKET OPEN: Risk appetite to bolster local market; NZX to open

MARKET OPEN: Risk appetite to bolster local market; NZX to open
Rebecca Howard
Risk is on and the domestic market will benefit as long as it doesn’t get hit by more cyber attacks. Yesterday a third distributed denial of service attack shut down the exchange after just one hour of trading, blocking access to its website and public announcement system. The NZX said it will open as normal this morning after putting additional measures in place to "maintain system connectivity, and address the severe DDoS attacks from offshore this week." The NZX has been targeted by a string of attacks since Tuesday, which have now dis...

More Markets

Why Rakon’s $390m takeover failed
Markets Exclusive

Why Rakon’s $390m takeover failed

A bid came in valuing Rakon at $1.70 a share. Due diligence dashed hopes of a deal.

NZ sharemarket drops as US market rallies
Markets Market Close

NZ sharemarket drops as US market rallies

The S&P/NZX 50 Index closed down 1.02% or 122.14 points.

Tom Raynel 30 Apr 2025
Radius buys care home off Arvida
Property

Radius buys care home off Arvida

Radius Care will have another 109 beds in Christchurch.

Gregor Thompson 30 Apr 2025
‘It really is upwards from here,’ Pacific Edge CEO
Markets

‘It really is upwards from here,’ Pacific Edge CEO

The AUA’s guideline has made Pacific Edge’s tests a talking point. 

Rebecca Howard 30 Apr 2025