NZ sharemarket down 0.3% amid AI upheaval

Infratil was down 42c or 3.61% to $11.20. (Image: Supplied)

Tue, 28 Jan 2025

The New Zealand sharemarket, dictated by the volatile Fisher and Paykel Healthcare stock, posted another small decline and avoided the upheaval in the technology sector on Wall Street.The S&P/NZX 50 Index traded steadily after the sharp fall in the opening and closed at 12,957.15, down 42.57 points or 0.33%. The index reached an intraday low of 12,875.96 points.Volumes were back to normal, with 34.8 million share transactions worth $124.01m.'How real is DeepSeek?'The technology sector in the United States sold off with the appearanc...

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