
Stock rally stalls as US virus response disappoints
The local benchmark index ended the day down.
The local benchmark index ended the day down.
The kiwi was trading at 62.85 US cents at 5pm.
New Zealand share prices opened firmly after Wall Street stocks partly rebounded.
US tax cuts could shield the market against the coronavirus and a price feud.
Regional markets showed signs of levelling out a rout in US markets overnight.
New Zealand shares bounced back from a sharp sell-off in early trading.
The kiwi was trading at 63.23 US cents at 5pm.
India's Mukesh Ambani, who began the week as Asia's richest person, lost US$5.7 billion.
New Zealand held up to the oil price shock comparatively well.
Currency trader: "We haven't seen anything like this for a long time"
ASX tumbles 6 per cent, NZX down 3 per cent
It's been an exceptionally volatile period for markets as coronavirus bites.
The last couple of weeks has been something of a rollercoaster ride for investors.
New Zealand's benchmark stock index reversed yesterday's gains.
The kiwi was trading at 63.13 US cents at 5:15pm.
Governments are not prepared for a truly global pandemic, experts say.
Sky Network Television led the market higher.
Two protesters boarded a drilling rig in Marlborough Sounds late yesterday.
The Oracle of Omaha will turn 90 this year. But he's not done yet.
People are looking to offload their gold while the price is high.
Drops in international oil prices have already started flowing through to retail prices.
BP's goals include becoming a net zero emitter in its own production.
We are 'a headline away' from having rug pulled, says Kiwibank dealer.
China eases some work restrictions as NZ tourism shares take another hit.
Optimism is growing as concern over coronavirus recedes.
Chinese demand for oil has plunged by 20 per cent.
The Australian and Chinese markets have been rocked by coronavirus.
NZX 50 follows Wall Street lower as investors step back from tourism-related stocks.