The Markets

NZ stocks struggle against dismal international headwinds

Tuesday 10th of May 2022

American market heavyweight S&P 500 ended up below 4,000 for the first time since late March 2021 and the tech heavy Nasdaq dropped 4.2% today which created unrest and uncertainty in the New Zealand sharemarket.

The S&P/NZX 50 index fell 152.2 points, or 1.3%, to 11,229.45. Within the broader equity market, an eye-watering 130 stocks fell and only 17 rose. Turnover was $119.9 mi...

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