NZ sharemarket lower after rout on Wall Street

NZ sharemarket lower after rout on Wall Street
Overseas markets dropped overnight. (Image: Getty)
Rebecca Howard
New Zealand’s shares fell on the open as Wall Street tumbled on recession fears, but the decline may not be as steep. “Our market will be affected on open, but we are a more defensive market, so I wouldn’t expect to see the same share declines as what we’ve seen in the US,” Craigs Investment Partners investment adviser Peter McIntyre said.“But in saying that, the likelihood is we pull back today as risk gets taken off the table. It’s a risk-off day.”  The S&P/NZX 50 Index was down 0....

More Markets

NZ stocks end flat amid Fletcher-SkyCity legal woes
Markets Market Close

NZ stocks end flat amid Fletcher-SkyCity legal woes

Tesla's 14% drop again highlighted the general state of global market uncertainty.

Jamie Gray 06 Jun 2025
SkyCity claims it is entitled to $330m in damages from Fletcher Building
Markets

SkyCity claims it is entitled to $330m in damages from Fletcher Building

The original delivery date of the International Convention Centre was January 2019. 

Rebecca Howard 06 Jun 2025
10 NZ firms could get slice of $200m Fisher KiwiSaver cash
Markets

10 NZ firms could get slice of $200m Fisher KiwiSaver cash

Private equity investing will benefit both KiwiSavers and business, fund manager says.