NZ sharemarket down 0.5% as investors contemplate Trump 2.0

(Image: Getty)

Thu, 07 Nov 2024

The spectre of new tariffs cooled the New Zealand sharemarket while the United States bourses celebrated Donald Trump's business-friendly presidential victory. While Wall Street went on a romp, the S&P/NZX 50 Index failed to hold onto mid-day gains and closed at 12,581.38, down 67.79 points or 0.54%, after reaching an intraday high of 12,696.35. Trading volumes were steady, with 43.25 million shares worth $151.81m changing hands.'Broad brush'Mark Lister, investment director with Craigs Investment Partners, said while t...

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