New Zealand’s benchmark equity index dropped sharply as hot inflation data sent investors rushing to sell shares ahead of further interest rate hikes.

New Zealand's sharemarket declined on Friday as the local trading week came to a close before the release of US inflation data, which is due to come out later on Friday night.

The Commonwealth Bank of Australia's cut to its gross domestic product (GDP) outlook prompted bank shares to slide down the index today, with the Australian reserve bank’s surprise 50-basis point hike flowing into New Zealand’s market for a second day.

Yesterday’s shock Reserve Bank of Australia’s 50 basis point hike took everyone by surprise, with a flow-on effect in New Zealand’s benchmark index today, while Fonterra’s announcement of a new share buyback programme hiked the stock.

New Zealand shares fell on Tuesday as investors returned from the long weekend to find Sky Network Television was more likely to make an acquisition than be bought out themselves.

New Zealand's benchmark share index rose with US markets which appear to be expecting weak job data overnight that could make the Federal Reserve (Fed) think twice about aggressive rate hikes.

New Zealand’s main share index moved down in tandem with international markets as technology, banking and healthcare shares slipped with investors still wary about more potential interest rate hikes.

New Zealand's main share index rose on Wednesday after Pacific Edge announced a US healthcare provider would now be able to order its cancer test more quickly and easily.

New Zealand's benchmark equities index rose on Monday as the United States looked down under for solutions to its critical shortage of infant formula, sending A2 Milk up more than 10%.

New Zealand’s benchmark equity index fell marginally on Friday, bringing the full week decline to roughly 1.8%.

New Zealand's benchmark share index declined on Thursday as earnings reports from Eroad, Rakon, and Pacific Edge failed to impress investors.

New Zealand’s benchmark equity index fell on Wednesday as its largest stock, Fisher & Paykel Healthcare, slipped almost 4% and the central bank said it would raise interest rates further.

New Zealand's main share index fell on Tuesday as declines among large companies more than offset a $200 million increase in Pushpay’s market value following takeover bid updates.

AFT Pharmaceuticals led New Zealand’s share market higher after its new painkiller helped double the company’s annual net profit.

Strong local earnings reports boosted New Zealand's benchmark equity index on Friday, even as global markets wobbled.

New Zealand's headline share index slipped on Thursday after key indices on Wall Street plunged overnight, after another big retailer reported poor earnings and set recession alarms ringing.