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

Beyond Meat rally tempts Kiwi traders
Markets

Beyond Meat rally tempts Kiwi traders

Meme stock mania puts Beyond among top traded stocks on Sharesies and Hatch.

Freightways outlook and Fonterra vote drive upbeat day
Markets Market Close

Freightways outlook and Fonterra vote drive upbeat day

Freightways shares climbed after Mark Troughear flagged easing economic headwinds.

Tom Raynel 30 Oct 2025
Me Today raises funds to be here tomorrow
Markets

Me Today raises funds to be here tomorrow

Shareholders have approved a capital raise of up to $2.59 million.

Greg Hurrell 30 Oct 2025