New Zealand’s S&P/NZX 50 Index jumped 3.4% on the open

The S&P/NZX 50 Index jumped 3.4% on the open. (Image: NZME)

Thu, 10 Apr 2025

New Zealand’s S&P/NZX 50 Index jumped 3.4% on the open after Wall Street soared on US President Donald Trump’s tariff pause.The NZ market “will bounce but not as much as we haven’t been savaged as much as similar US stocks”, Forsyth Barr senior investment advisor Brad Gordon said. Australia is likely to bounce harder, given the fall across the Tasman has been steeper. The Dow Jones Industrial Average jumped 7.9%, the S&P 500 was up 9.5% and the Nasdaq was up 12.2% after Trump said reciprocal tarif...

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