NZX censures ASB Securities for 14-year privacy breach
By Dan Brunskill | Wed, 27 May 2020
ASB Securities has been fined $80,000 for a privacy breach which left hundreds of online accounts able to be viewed and traded by users without permission. The New Zealand Markets Disciplinary Trib...
MARKET OPEN: Wall Street rally may spill over to domestic market
By Rebecca Howard | Wed, 27 May 2020
Hope of a faster recovery and more optimism about a covid-19 vaccine spurred a rally on Wall Street that may spill over to the domestic market. The S&P 500 was up 1.2 percent at 8am in Wellington,...
MARKET CLOSE: NZ shares rise as investors eye re-opening world economy
By Dan Brunskill | Tue, 26 May 2020
New Zealand shares rose as the further relaxing of global covid-19 restrictions bolstered investor confidence. The S&P/NZX 50 Index advanced 138.94 points, or 1.3 percent, to 10,914.74. Within the...
NZ dollar rises with equities markets, boosted by positive export data
By Jenny Ruth | Tue, 26 May 2020
The New Zealand dollar rose as the mood in equities markets around the world improved and the currency got a kicker from trade data showing local exports held up well through the nation's lockdown....
MARKET OPEN: Easing of lockdown restrictions may help sentiment
By Rebecca Howard | Tue, 26 May 2020
The local stock market may push higher on news that most lockdown restrictions could be eased by the end of June but trading will likely be light after holidays in the US and UK. The government wou...
MARKET CLOSE: NZ shares gain in light trading as investors eye US-China tension
By Dan Brunskill | Mon, 25 May 2020
New Zealand shares rose in light trading ahead of public holidays in the US and UK, as investors remain wary of growing tensions between the US and China. The S&P/NZX 50 Index advanced 113.17 poin...
NZ dollar stalled, US-China sabre-rattling eyed
By Jenny Ruth | Mon, 25 May 2020
The New Zealand dollar was stalled as investors eye the escalating sabre-rattling between the US and China. Trading was also subdued with both the US and British economies on holiday later today. T...
MARKET OPEN: Focus to remain on US-China tensions
By Rebecca Howard | Mon, 25 May 2020
Financial markets may face a volatile start to the week as China's move to extend national security laws over Hong Kong add to the mounting tensions between China and the US. US Secretary of State...
MARKET CLOSE: NZ shares fall as China drops growth target
By Dan Brunskill | Fri, 22 May 2020
New Zealand shares fell as China didn't set a target for gross domestic product growth, spurring concern about the global economic recovery. The S&P/NZX 50 Index fell 68.92 points, or 0.64 percent,...
NZ dollar weakens as China worries claim centre stage
By Jenny Ruth | Fri, 22 May 2020
The New Zealand dollar weakened as worsening relations between China and both the US and Australia continue to take centre stage in investors' minds. The kiwi was trading at 60.97 US cents at 5pm i...