Financial markets hate tariffs: NZX 50 down 0.5%
The S&P/NZX 50 Index closed at 12,412.07, down 57.64 points or 0.46% on Wednesday. Across the whole market, 48 shares gained and 92 declined with 36.8 million shares worth $172.1m changing hands.
Matthew Goodson, director and portfolio manager at Salt Funds, said markets are finding it hard to ignore the volatility brought on by trade policy flip-flopping in the White House.
“Financial markets hate tariffs. Many people would regard them as economic sabotage,” he said. "They mean higher prices and lower output on a global basis, and that is bad news for equities."
Escalate to escalate some more
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