
Market close: Tariff wars send sharemarket down further
The local index fell for a third consecutive day.
The local index fell for a third consecutive day.
Fisher & Paykel Healthcare shares fell 1.21% to $33.47 amid tariff concerns.
A cautious New Zealand sharemarket posted a near 0.5% fall.
Liam Dann and Pie Funds chief investment office Mike Taylor analyse the market outlook
The local index was up 60.55 points or 0.48%.
Volumes were strong and cyclical stocks continue to recover.
The local index was supported by improved company results.
Ryman Healthcare was in the glare for the second day running, dragging the benchmark down.
Other retirement village stocks were hit hard on the news of Ryman's equity raise.
SkyCity Entertainment Group and Auckland International Airport help drag market down.
NZ stocks ended slightly down with Fletcher Building outperforming after the OCR cut.
The S&P/NZX 50 Index closed at 13,051.12, down 17.81 points or 0.14%.
The index finished the week ahead by nearly 0.7%.
And US inflation comes in hotter than forecasts had expected.
All eyes were on Contact Energy and Mercury.
Vulcan Steel kicked off the reporting season on a disappointing note.
Business Editor-at-Large Liam Dann talks to Pie Funds CIO Mike Taylor about what to expect in global markets with Trump's tariff's looming and Chinese AI disrupting tech.
The New Zealand sharemarket fell nearly 0.5% as unemployment figures increased.
The NZX index shook off yesterday's 1.42% fall.
The New Zealand sharemarket slumped to its biggest single-day-fall since December 19.
The threat of Trump tariffs reared its head again for some businesses.
The New Zealand sharemarket posted its fourth decline in five trading days.
A late spurt helped the local index finish higher for the day.
Dairy processor's good day wasn't enough to help the sharemarket into positive territory.
But the local market is choppy on low liquidity and lack of specific corporate news.
US-listed Rocket Lab hit a record high, with its shares rising 30%.
Investors are trying to figure out what Trump's policies will mean for the markets.
The market still declined despite the corporate action.
Shares in the company rose $1.05 or 2.77% to $38.90, its second-highest close.