NZ stocks defy offshore trend to end stronger

The US markets fell on ongoing uncertainty. (Image: NZME)

Wed, 16 Apr 2025

The New Zealand sharemarket defied bearish overseas trends to end firmly, despite two profit downgrades from leading names.The benchmark S&P/NZX 50 index ended at 12,067.92, up 56.57 points or 0.47%.There were 65 rises and 63 falls among the 41.6 million shares (worth $141.6m) traded.Global stocks had been mixed as investors digested strong bank earnings and monitored ongoing developments in the US-China trade war.Futures trading suggested the US was in for another down day after Nvidia announced a possible financial charge of US$5.5 billio...

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