Graham Skellern

2 weeks ago | nzherald.co.nz | Graham Skellern

The New Zealand sharemarket finished a tumultuous week with a fall of nearly 1.5% but it came away reasonably unscathed from the gyrations offshore. After another down day on Wall Street, the S&P/NZX 50 Index opened lower and then traded steadily to close at 12,019.13, down 182.3 points or 1.49%. Volumes were lighter with 26.7 million shares worth $104.55 million changing hands.

2 weeks ago | businessdesk.co.nz | John Anthony |Rebecca Stevenson |Graham Skellern

By Aaron Gregg, Andrew Jeong, Katrina Northrop, Leo SandsStocks fell sharply on Thursday as attention shifted to rising tensions between the United States and China.The S&P 500 fell nearly 6% by early afternoon, and the tech-heavy Nasdaq composite index lost 7%, while the more narrow Dow Jones Industrial Average dropped 5%. If the trend holds up for the rest of the day, it would unwind much of Wednesday’s gains, in which the S&P 500 rose almost 10%.

2 weeks ago | nzherald.co.nz | Graham Skellern

Shares in Mainfreight rebounded $4.84 or 8.57% to $61.34. Photo / SuppliedNew Zealand stocks, up more than 3% overall, joined a staggering turnaround by offshore sharemarkets when President Donald Trump pressed the pause button on US tariffs for 90 days, except for China. After Wall Street regained most of its losses of the previous four sessions, the S&P/NZX 50 Index surged at the opening and then traded smoothly to close at 12,201.43, up 394.88 points or 3.34%.

2 weeks ago | businessdesk.co.nz | Graham Skellern

New Zealand stocks, up more than 3% overall, joined a staggering turnaround by offshore sharemarkets when President Donald Trump pressed the pause button on US tariffs for 90 days, except for China.After Wall Street regained most of its losses of the previous four sessions, the S&P/NZX 50 Index surged at the opening and then traded smoothly to close at 12,201.43, up 394.88 points or 3.34%.The index reached an intraday high of 12,325.58 points, and it was one of the biggest single-day rises...

2 weeks ago | businessdesk.co.nz | Rebecca Stevenson |Graham Skellern

By Danny Kemp with Sam Davies in BeijingUS President Donald Trump abruptly paused tariffs on most countries Wednesday after admitting they made the markets nervous but doubled down on a brutal trade war with superpower rival China.Wall Street stocks rocketed to close solidly higher Wednesday, with dramatic advances on all three major indexes.