NZ stocks retreat from record high, down 0.7%

PGG Wrightson bucked the trend to end firmer on the sharemarket. (Image: Getty)

Fri, 10 Oct 2025

New Zealand’s sharemarket ended lower after a post-rate-cut flirtation with record highs earlier in the week was cut short by weakness in key overseas markets.The S&P/NZX 50 Index dropped 103.60 points, or 0.76%, to 13,467.26, with 31 million shares worth $118.9m trading.There were 70 rises and 63 falls on the main board.The index reached a record high of 13,570.86 on Thursday, its highest closing point since Jan 8, 2021, following the Reserve Bank of NZ's mid-week 50 basis point official cash rate cut.Wall Street downWall Street&...

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