US-China détente hopes send Mainfreight up 5%

US-China détente hopes send Mainfreight up 5%
Mainfreight was trading at $55 in April. (Image: Supplied)
Gregor Thompson
Hopes that a meeting between Chinese and American officials in Switzerland would produce a détente buoyed markets to start the week. The New Zealand benchmark index, the S&P/NZX 50, rose 0.57% to 12,676.75 points on Monday. Thirty-nine million shares changed hands, amounting to $100.7m in value traded. United States stock futures were up after US Treasury Secretary Scott Bessent said the US had made “substantial progress” over the first two days of trade talks in Geneva. At 5pm, S&P 500 futures were up...

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.

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

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

Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

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