NZ sharemaket up 0.1% despite 'volatile' markets

The start of global trade wars dominated the day. (Image: Getty)

Thu, 03 Apr 2025

The New Zealand sharemarket and Fisher and Paykel Healthcare had impressive turnarounds following the initial shock of US President Donald Trump’s wide-ranging reciprocal tariffs on imported goods into the US. The S&P/NZX 50 Index fell as much as 1.3% early in the day but recovered to close at 12,338.57, up 18.38 points or 0.15%. The index reached an intraday low of 12,115.86 points.As investors sat on the sideline, digesting the tariffs' impact and the new economic order, trading was lighter, with 28.9 million shares worth $...

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