US rating downgrade rattles fragile investors and NZX50 dips

US rating downgrade rattles fragile investors and NZX50 dips
Sharemarkets around the globe reacted to the US rating downgrade. (Image: Getty)
Graham Skellern
The New Zealand sharemarket was down slightly as the United States credit rating downgrade reverberated around weaker offshore bourses.The S&P/NZX 50 Index followed the same pattern as the day before, down in the morning and recovering in the afternoon, to close at 11,936.62 and declining 25.41 points or 0.21%. The index reached an intraday low of 11,884.2 points.There was fragility, with 39 gainers and 90 decliners over the whole market, with 33.48 million shares worth $111.4m changing hands.Mark Lister, investment director with Craigs Inv...

More Markets

NZ sharemarket down 1.5% for week, 8.4% for year
Markets Market Close

NZ sharemarket down 1.5% for week, 8.4% for year

"We may have seen the worst of the tariff announcements ..."

Graham Skellern 11 Apr 2025
Asian markets fall as Trump acknowledges costs
Markets

Asian markets fall as Trump acknowledges costs

In early trade in Asia on Friday, Japan's Nikkei tumbled more than 5%.

AFP 11 Apr 2025
Ebos gets 'strong support' for $217m raise
Markets

Ebos gets 'strong support' for $217m raise

The new shares will be priced at $36.65.

Tech stocks tumble as US-China trade war worsens
Markets

Tech stocks tumble as US-China trade war worsens

The S&P 500 fell nearly 6% by early afternoon Thursday in the US.