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The Markets

NZX 50 drops as oil spike rocks heavyweights Auckland Airport, Meridian

Tuesday 14th of July 2026

New Zealand’s S&P/NZX 50 index joined a muted day across Asia as US President Donald Trump’s resumption of a naval blockade on the Strait of Hormuz sent oil prices higher, knocking local heavyweights including Auckland International Airport and Meridian Energy.

The kiwi dollar climbed after Reserve Bank chief economist Paul Conway noted the revived conflict in the Middle East created...

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