NZX 50 down 0.4% as Israel-Iran conflict intensifies

Flames from a fire at the Tehran oil refinery, located south of the capital. (Image: AFP)

Tue, 17 Jun 2025

New Zealand’s share market swung between gains and losses on Tuesday as escalating tensions in the Middle East rattled global investors and pushed futures lower. The benchmark S&P/NZX 50 Index crawled upward until around 2pm when it began reversing its gains, finishing the day down 0.4% on 12,639.35 points. Over 35.4 million shares were traded, amounting to $122.4m in value.After rising solidly overnight, Wall Street's gains on the S&P 500 futures were trading down 0.4% at 5 pm, following a tweet by United States Pre...

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