NZ shares sail through choppy waters as Nvidia spooks global investors

Across the main board, 41 rose, 93 stocks fell, and 45 were unchanged. (Image: Getty)

Wed, 04 Sep 2024

New Zealand shares rose, outperforming Asian stock markets, as a slump in US chipmaker Nvidia weighed worldwide tech stocks, which aren’t a big feature on the local bourse. The S&P/NZX 50 Index advanced 18.84 points, or 0.2%, to 12,553.35. Across the main board, 41 rose, 93 stocks fell, and 45 were unchanged. Turnover was $126.6 million, of which Infratil accounted for $15.1m, Fisher & Paykel Healthcare $14.7m and Auckland International Airport $13.9m as investors sought out local blue-chip companies. Wall Street set a m...

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