NZ market follows the US as investors wait for Fed’s decision

(Image: Getty)

Tue, 19 Sep 2023

New Zealand's benchmark share index headed downward on Tuesday, following US market sentiment as investors wait for the US Federal Reserve meeting later this week.The S&P/NZX 50 Index fell 52.5 points, or 0.5%, to 11,344.52. Turnover was $83 million. There were 45 gainers and 83 decliners on the main board.The US Federal Reserve meets over the next two days, and while it’s expected to pause rate hikes, CMC Markets analyst Tina Teng said the central bank’s stance on further moves could be “critical” for market tre...

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