New Zealand’s benchmark share index surged to a record as global risk appetite came flooding back on the hope of fiscal stimulus before the US election.

The New Zealand dollar fell almost 1 US cent after President Donald Trump threw cold water on the prospect of passing fiscal stimulus before the election, causing risk assets to fall.

The Financial Markets Authority has told hundreds of thousands of new Kiwi investors they need to “do their homework” and understand the risks of investing in financial markets.

Travel stocks led the New Zealand share market higher as Air New Zealand continued to rally on Australia's borders opening and Serko's oversubscribed capital raising interested investors.

New Zealand shares tracked their Australian counterparts higher as the ASX rallied on a billion-dollar apprenticeship wage subsidy and the news US president Donald Trump was reportedly recovering quickly from a covid-19 infection.

The Ministry of Business, Innovation & Employment has outlined new criteria for KiwiSaver default fund providers as it seeks bidders in a request for proposals released today.

New Zealand shares edged higher as Air New Zealand took off on Australian plans to open its border for quarantine-free travel from New Zealand.

The healthcare sector led a broad rally on the New Zealand share market, mirroring a similar trend in United States indices on Wednesday night

Shares were virtually flat today with a rally in the property sector offset by A2 Milk Company falling for a third consecutive session.

New Zealand shares fell with A2 Milk leading the market down as investors speculated further earnings downgrades may be on the horizon.

New Zealand shares were flat, as a sharp drop following A2 Milk downgrading its financial outlook was cancelled out by a rally in electricity stocks after Tiwai Point smelter negotiations were flagged.

Financial stocks led the local stock market higher as they surged on an announcement the Australian federal government would roll back responsible lending rules.

The New Zealand dollar sank to its lowest level since late August as the greenback continued to attract buying amid a sustained equity sell-off on recessionary fears.

Pushpay led the stock market higher on an analyst upgrade and as tech stocks on Wall Street rebounded following extended selling.

New Zealand shares rose as renewed fears of further pandemic lockdowns in Europe pushed the kiwi dollar lower and improved the outlook for Fisher & Paykel Healthcare.

Profit taking pushed New Zealand’s benchmark stock index more than 500 points below its record as investors found few reasons to buy with a global recession in progress.