Trade war truce breathes life into NZ sharemarket

Fisher and Paykel shares had some oxygen from tariff news. (Image: NZME)

Tue, 04 Feb 2025

Fisher and Paykel Healthcare and the New Zealand sharemarket staged a strong recovery on relief that the US tariffs on Mexico and Canada have been put on hold.The S&P/NZX 50 Index traded steadily and closed at 12,905.04, up 94.72 points or 0.74%. Volumes picked up in the afternoon with 27.47 million share transactions worth $147.58m.The NZX index shook off the 1.42% fall the day before after US President Donald Trump announced he was delaying the start of 25% tariffs on Mexico and Canada for a month following “friendly” talks wi...

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