The Markets

NZX rebounds after rough start to day on bank fears

Thursday 16th of March 2023

The S&P/NZX 50 Index fell sharply at the opening on concerns about the outlook for Switzerland’s second-largest bank Credit Suisse, with its share price falling 24%.

But following the Fonterra and Pushpay news the index found a spring in its step, rebounding impressively from a midday low of 11,529.95 and closing with a gain of 81.74 points or 0.7% to 11,699.02. It was the big...

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