Pandemic fears drive NZX50 to seven-month low

Pandemic fears drive NZX50 to seven-month low
Dan Brunskill
The New Zealand share market's key index fell to a seven-month low as the spreading coronavirus, now officially recognised as a pandemic, pushed Wall Street's Dow Jones Industrial Average into bear market territory. The US benchmark stock indices all closed more than 4 percent weaker last night, with the Dow falling 5.9 percent. It is down more than 20 percent from its Feb. 12 peak. The S&P/NZX50 Index fell 2.3 percent to 10,618.38 at 1pm in Wellington, and is 12 percent down from its Feb. 21 high. The S&P/ASX 200 Index fell 2.4 percent i...

More Markets

Ebos buys Vital Petfoods assets from receiver
Markets

Ebos buys Vital Petfoods assets from receiver

Distressed assets have been snapped up by the pet food maker.

Denise McNabb 18 Apr 2025
Tourism Holdings and inflation updates drive NZX up
Markets Market close

Tourism Holdings and inflation updates drive NZX up

Tourism Holdings could be one of the most directly impacted shares of the US tariffs.

Tom Raynel 17 Apr 2025
Heartland Bank accountant fined over insider trading
Markets

Heartland Bank accountant fined over insider trading

A former Heartland Bank accountant has been sentenced to six months’ home detention and ordered to pay a fine after pleading guilty on three charges relating to insider trading.Kevin Young, a former treasury accountant with Heartland Bank, purchased Heartland Group Holdings Limit...

Staff reporters 17 Apr 2025
Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025