10 Apr 2025

NZX-50 up 3.3 percent at end of day's trading in best session since 2020

6:04 pm on 10 April 2025
NZX sign

NZX sign Photo: RNZ / Angus Dreaver

The New Zealand share market joined the global relief rally in response to the US pausing of hefty tariffs.

The benchmark NZX-50 index closed up 3.3 percent - its best session since 2020.

US markets surged between 8 and 12 percent in reaction to the pause of President Trump's so-called reciprocal tariffs.

Prime Minister Christopher Luxon was to speak with world leaders on the phone on Thursday about the new trading environment as the United States retaliates against China by hiking tariffs to 125 percent.

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