NZ sharemarket rises as Trump backs down on Fed chair sacking

Ryman Healthcare shares fell after underwriters sold shares at a loss. (Image: NZME)

Wed, 23 Apr 2025

The New Zealand sharemarket rose today after US President Donald Trump backed down on his previously stated desire to forcibly remove the Federal Reserve chair, Jerome Powell.The S&P/NZX 50 Index closed up 1.01% or 119.78 points, rising to 11,956.47, with 76,792,519 shares changing hands to the value of $214.6 million.The S&P/NZX20 index closed at 7,103.63, up 1.19%, while the S&P/NZX10 index closed at 1,815.85, up 1.90%.There were 76 gainers on the main board and 59 decliners.Trump backtrackDevon Funds Managemen...

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