NZ sharemarket down 0.5% as investors contemplate Trump 2.0

While Wall Street went on a romp, the S&P/NZX 50 Index failed to hold onto mid-day gains and closed at 12,581.38, down 67.79 points or 0.54%, after reaching an intraday high of 12,696.35. 

Trading volumes were steady, with 43.25 million shares worth $151.81m changing hands.

'Broad brush'

Mark Lister, investment director with Craigs Investment Partners, said while there’s lots of optimism about Trump’s policies for the US economy – he’s pro-growth and anti-regulation – there’s caution about what the potential tariffs mean for NZ.