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

Ryman extends rally; NZX 50 continues gains
Markets Market Close

Ryman extends rally; NZX 50 continues gains

Having traded flat until late September, the index is now up nearly 3% for the year.

Gregor Thompson 02 Oct 2025
Retail outlook 'tough and unpredictable': Warehouse Group
Retail

Retail outlook 'tough and unpredictable': Warehouse Group

The group's operating earnings dropped from $28.9 million to $1.3m.

Gregor Thompson 02 Oct 2025
Mohawk Industries looks to take Bremworth private
Primary Sector

Mohawk Industries looks to take Bremworth private

A strategic review was kicked off in February under its previous leadership.

Riley Kennedy 02 Oct 2025
Crispy $10m payday for ACC in RBD buyout
Retail

Crispy $10m payday for ACC in RBD buyout

The tasty takeaway comes after it built up Restaurant Brands' stake in recent months. 

Gregor Thompson 02 Oct 2025