NZ shares slide on recession risk

Dan Brunskill
Tue, 17 May 2022

Economic activity is slowing in China. (Image: iStockphoto)
Economic activity is slowing in China. (Image: iStockphoto)
Dan Brunskill
Tue, 17 May 2022
New Zealand shares edged lower with investors unable to shake growing concerns the global economy is headed towards a recession.   The S&P/NZX 50 Index fell 20 points, or 0.2%, to 11,137.88. Turnover was $131 million.ASB economist Chris Tennent-Brown said investors have been becoming more and more risk averse as recession predictions, both at home and abroad, have grown.  Tennent-Brown said several factors are threatening to give the global economy a knock.  These include expectations of aggressive central bank tightenin...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.