MARKET CLOSE: NZ shares fall as coronavirus ripples through markets; utilities down
By Dan Brunskill | Fri, 24 Jan 2020
New Zealand shares fell as the outbreak of coronavirus continued to weigh on tourism-related companies, and as a flatter interest rate outlook sapped the attraction of companies paying reliable divide...
NZ dollar rises on CPI data, capped by virus fears
By Jenny Ruth | Fri, 24 Jan 2020
The New Zealand dollar rose on stronger-than-expected inflation data but fears about the spread of the coronavirus kept a lid on the currency's gains. The kiwi was trading at 66.18 US cents at 5pm...
Coronavirus hangs over markets
By Rebecca Howard | Fri, 24 Jan 2020
The local stock market may follow Wall Street lower amid concerns the coronavirus outbreak may slow China's economy.China put millions of people on lockdown on Thursday in two cities at the epicentre...
MARKET CLOSE: NZ shares edge higher as Chinese virus fears weigh
By Dan Brunskill | Thu, 23 Jan 2020
New Zealand shares edged higher as investors continue to assess the impact of the coronavirus outbreak in China. The S&P/NZX 50 Index increased 11.43 points, or 0.1 percent, to 11,901.11. Within th...
NZ dollar falls against Aussie on strong jobs data there
By Jenny Ruth | Thu, 23 Jan 2020
The New Zealand dollar fell sharply against the Australian dollar after better-than-expected jobs numbers across the Tasman reduced the chances of a rate cut there next month. The kiwi was trading...
Investors likely more upbeat, as Wall Street lifts, virus fears ease
By Rebecca Howard | Thu, 23 Jan 2020
Investors will likely be more upbeat as the S&P 500 and the Nasdaq hit record highs buoyed by an upbeat IBM and as fears about a virus outbreak in China abated.International Business Machines Corp...
MARKET CLOSE: NZX50 hits record as Asia recovers from virus fears
By Dan Brunskill | Wed, 22 Jan 2020
The S&P/NZX 50 Index rose to a record as investor confidence recovered from yesterday's fears over the outbreak of coronavirus in China. A2 Milk led the gain. The benchmark index advanced 84.54 po...
NZ dollar falls as coronavirus spreads beyond China
By Jenny Ruth | Wed, 22 Jan 2020
The spread of the coronavirus from China weighed on the New Zealand dollar although no cases have been reported here yet. The kiwi was trading at 65.90 US cents at 5pm in Wellington, although it ha...
Coronavirus outbreak spooks investors, has officials on alert
By Dan Brunskill | Wed, 22 Jan 2020
The Ministry of Health has told border authorities not to impose travel restrictions in response to the outbreak of a new respiratory disease in China, but is watching the situation which has spooked...