Trump's tariff pause boosts NZ sharemarket

US and China leaders in more cordial times before the US' tariff escalation. (Image: NZME)

Thu, 10 Apr 2025

New Zealand stocks, up more than 3% overall, joined a staggering turnaround by offshore sharemarkets when President Donald Trump pressed the pause button on US tariffs for 90 days, except for China.After Wall Street regained most of its losses of the previous four sessions, the S&P/NZX 50 Index surged at the opening and then traded smoothly to close at 12,201.43, up 394.88 points or 3.34%.The index reached an intraday high of 12,325.58 points, and it was one of the biggest single-day rises ever, beating the 3.1% gain on June 8, 2020. The in...

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