NZ sharemarket drops after weak GDP data and US Fed rate cut

Jerome Powell, the chair of the US Federal Reserve. (Image: Getty)

Thu, 18 Sep 2025

The New Zealand sharemarket fell on Thursday following a significantly lower gross domestic product update than expected, while the United States Federal Reserve cut interest rates for the first time in 2025.The S&P/NZX 50 Index closed down 0.82% or 108.34 points, falling to 13,120.03 after 35.7 million shares worth $127.2m were traded.The S&P/NZX 20 index closed at 7551.33 points, down 1.07%, while the S&P/NZX 10 index ended the day at 12,607.12, falling 0.91%.There were 70 gainers on the main board and 64 decliners.GDP downStats N...

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