NZX 50 drops 0.55% at open; Synlait down 4%

US traders are "hotly anticipating" concessions, analyst says. (Image: Supplied)

Wed, 09 Apr 2025

The S&P/NZX 50 index dropped 0.55% out of the gates on Wednesday after global market volatility continued overnight.The fall partially reversed the nearly 1% gain to 11,891.44 on Tuesday, and continued a downward annual trend, with year-to-date losses just shy of 10%.Exchange Traded Funds (ETFs) dominated the red, with Smart US Technology down 4.51% to $1.97 once the market opened. Synlait dropped 4% to 72 cents.Two big index constituents, Infratil and Fisher & Paykel Healthcare, fell 1.25% to $9.48 and 0.77% to $33.29, respectively.Cra...

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