'The grim reaper cometh': NZ sharemarket plummets

Sharemarkets around the world followed each other in tumbling. (Image: Getty)

Mon, 07 Apr 2025

Very few stocks were spared as the New Zealand sharemarket had its biggest single-day fall since the start of the covid pandemic following the global fallout from the United States' tariffs.After another rout on Wall Street, the S&P/NZX 50 Index plunged 449.4 points or 3.68% to 11,775.88 – the worst decline since covid took hold in March 2020.The NZX index is at its lowest level in nine months and is now in correction territory, having fallen more than 11% from its Dec 30 high of 13,270.01 points.Volumes were strong with 41.39 mil...

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