NZX rallies 0.87% as tariff uncertainty eases; Skellerup climbs 4%

Skellerup was one of the most exposed NZX listed companies to Trump tariffs. (Image: Supplied)

Tue, 13 May 2025

New Zealand equities rallied on Tuesday after trade talks between the United States and China gave investors some sought-after certainty. The benchmark index, the S&P/NZX 50, was up 0.87%, ending the busy day's trading on 12,786.74 points. Just over 54 million shares changed hands amounting to $208m in value traded. The gains followed an overnight surge in US markets as investors digested the news that the world's two largest economies have reduced tariffs for a minimum of 90 days. US tariffs were lowered to 30%, wh...

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