NZ shares down, Russian threat remains

NZ shares down, Russian threat remains
Markets are feeling nervous about the possibility of war kicking off in Europe. (Photo: Deposit)
Dan Brunskill
New Zealand's headline share index followed global markets lower as investors lost their optimistic view that Russia might be backing away from the Ukrainian border.The S&P/NZX 50 Index fell 115 points, or 0.9%, to 12,141.89. Turnover was $100 million.The narrative in financial markets for the past couple of days has been that investors were regaining confidence as tensions on the Russia/Ukraine border eased.There was never much evidence for this supposed de-escalation and US President Joe Biden reiterated overnight a “very high&r...

More Markets

NZ sharemarket up 0.5% ahead of long weekend
Markets Market Close

NZ sharemarket up 0.5% ahead of long weekend

Pacific Edge's share price fell 7.32%.

Tom Raynel 24 Apr 2025
Pacific Edge suffers another setback in US
Markets

Pacific Edge suffers another setback in US

Shares in cancer diagnostics company Pacific Edge are down 2.44% to $0.120 after another setback in the US market.The US District Court for the Middle District of Pennsylvania has determined that it does not have jurisdiction to review a Local Coverage Determination (LCD) that co...

Staff reporters 24 Apr 2025
Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
NZ sharemarket rises as Trump backs down
Markets Market Close

NZ sharemarket rises as Trump backs down

The S&P/NZX 50 Index closed up 1.01% or 119.78 points.

Tom Raynel 23 Apr 2025