NZ dollar weighed by tensions in Hong Kong, political turmoil in Argentina

NZ dollar weighed by tensions in Hong Kong, political turmoil in Argentina
Rebecca Howard
By Rebecca Howard Aug. 13 (BusinessDesk) - The New Zealand dollar fell as global risk appetite was dented by escalating tensions in Hong Kong and political ructions in Argentina. The kiwi was trading at 64.46 US cents at 8am versus 64.69 US cents at 5:05pm in Wellington. The trade-weighted index was at 71.71 points from 71.88 points. “Risk-off was the central theme of the overnight session,” said Kiwibank trader Mike Shirley, who pointed to ongoing protests in Hong Kong and political disruption in Argentina. The Argentine peso tumbl...

More Markets

Spark share collapse leads NZ sharemarket down
Markets Market Close

Spark share collapse leads NZ sharemarket down

The S&P/NZX 50 Index closed down 0.99% or 127.78 points.

Tom Raynel 21 Feb 2025
Spark valuation plummets $1 billion as profit crashes
Markets

Spark valuation plummets $1 billion as profit crashes

Spark has reported a 78% fall in net profit to $35 million in the first half of its 2025 financial year and reduced its full-year operating earnings guidance. However, it has maintained its revised full-year dividend guidance.Shares – already down 42% over the past year after two...

Staff reporters 21 Feb 2025
Genesis weathers a tough winter
Markets

Genesis weathers a tough winter

Genesis took a $59m gas hit, but still made $70m profit.

Ian Llewellyn 21 Feb 2025
Sky TV takes a financial hit
Markets

Sky TV takes a financial hit

Sky Network Television reported a net loss after tax of $1.7 million in what it has been described as a “challenging” and “difficult” six months, with the broadcaster's attention focused on moving its customers to a new satellite because of the ailing Optus D2 satellite.The p...

Staff reporters 21 Feb 2025