FX.co ★ New Zealand Stocks Slide Further

New Zealand’s primary stock index, the S&P/NZX 50, experienced a 1.2% decline, closing at 13,417 on Wednesday. This marks the third straight session of losses as a widespread risk-off sentiment has intensified due to escalating geopolitical and trade tensions. Global markets have displayed increased volatility following a recent downturn fueled by investor apprehensions regarding U.S. President Trump's tariff threats, which now encompass Greenland and Europe. Most sectors registered declines, with notable decreases observed in healthcare, utilities, finance, and consumer staples. Major companies such as EBOS Group (-0.4%), Fisher & Paykel (-0.7%), Fletcher Building (-2.6%), Contact Energy (-0.8%), Ryman Healthcare (-3.0%), Meridian Energy (-2.8%), Auckland International Airport (-2.4%), Spark NZ (-0.9%), and Infratil (-1.6%) were among the significant decliners. Market participants are now focusing on the upcoming Q4 inflation data release later in the week, and the trade balance and business confidence figures expected next week.