New Zealand shares rose, outperforming Asian stock markets, as a slump in US chipmaker Nvidia weighed worldwide tech stocks, which aren’t a big feature on the local bourse.

New Zealand shares drifted lower as investors continued to digest the glut of information from earnings season and kept one eye on upcoming dividend payments.

New Zealand shares rose for a second day as it started the new month on renewed optimism that lower interest rates will revive the moribund economy.

Fletcher Building shares rallied after avoiding a product recall over a leaky pipes issue in Western Australia, leading the benchmark stock index higher.

New Zealand shares joined a global selloff as investors were disappointed by Nvidia’s strong result in the US, while more weak earnings at home added to the sombre mood.

New Zealand shares rose, paced by Scales Corp, after the apple exporter’s earnings bounced back from Cyclone Gabrielle in what’s been a generally soft earnings season. 

New Zealand shares fell as soft earnings from Tourism Holdings and Vulcan Steel highlighted the strains still facing the local economy. Spark New Zealand hit a four-year low. 

New Zealand shares rose for a second day, led by broadband network operator Chorus and its rosier dividend outlook, just as a pivot in US interest rates stokes investors’ appetite for reliable income stocks.

New Zealand shares snapped a four-day decline as Fisher & Paykel Healthcare propelled the benchmark index higher, signalling strong first-half earnings growth and overshadowing slumps for Fletcher Building and Spark NZ.

New Zealand shares fell for a fourth day as the rush of company earnings, such as SkyCity Entertainment Group, showed the tough economic conditions firms have been operating under.

New Zealand shares fell for a third day as earnings season laid bare the tough economic climate, with Sky Network Television shedding customers and Fletcher Building warning of a subdued outlook for the coming year.

New Zealand shares fell for a second day in a broad selloff, with power companies among the hardest hit after Mercury NZ warned earnings would come under the pump in the current financial year.

New Zealand’s share market stumbled into the week as The a2 Milk Co was punished for growing at a slower pace than investors had hoped.

New Zealand’s benchmark stock index rose the most in a week since the post-covid rebound as investors embraced the prospect of lower interest rates, reviving a stagnant economy and boosting the allure of companies that pay reliable dividends.

New Zealand shares extended their gains as investors continued to enjoy the prospect of lower interest rates reviving a moribund economy, with Skellerup rallying on solid earnings in a tough environment.

New Zealand’s benchmark index surged as the Reserve Bank of NZ started unshackling the economy with a rate cut and signalled more to come.