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

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)
Gregor Thompson
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...

More Markets

NZX down as property company gets key renewal
Markets Market Close

NZX down as property company gets key renewal

ASB Bank has extended the lease for its downtown Auckland site for another nine years.

Tom Raynel 03 Jul 2025
Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Staff reporters 03 Jul 2025
Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Ian Llewellyn 03 Jul 2025
Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025