NZ sharemarket hit by global inflation fears

There were 62 gainers and 72 decliners on the main board. (Image: Getty)

Thu, 11 Apr 2024

An unsettled New Zealand sharemarket had a late surge after being dragged down by rising wholesale interest rates and hotter-than-expected United States inflation.Following a sharp fall on Wall Street, the S&P/NZX 50 Index soon gave up the gains of the day before. The index recovered with increased trading in the last half-hour matching session and closed at 11,934.31, down 37.61 points or 0.31% after hitting an intraday low of 11,845.04.There were 62 gainers and 72 decliners on the main board, with 28.56 million shares worth $107.77m chang...

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