{"id":469740,"date":"2026-06-10T06:36:11","date_gmt":"2026-06-10T06:36:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/469740\/"},"modified":"2026-06-10T06:36:11","modified_gmt":"2026-06-10T06:36:11","slug":"new-zealand-shares-rise-serko-names-chief-product-officer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/469740\/","title":{"rendered":"New Zealand Shares Rise; Serko Names Chief Product Officer"},"content":{"rendered":"

\"MT MT Newswires -Shutterstock <\/p>\n

New Zealand shares ended higher on Wednesday, while most Asian shares saw a decline as tensions escalated again in the Middle East.<\/p>\n

The S&P\/NZX 50 Index rose 0.38%, or 49.57 points, to close at 13,253.65.<\/p>\n

Iran’s Revolutionary Guards said they had struck a US base in Jordan and 21 other targets across the Gulf on Wednesday in response to American strikes near the Strait of Hormuz, according to a Wednesday Reuters report, citing Iranian media.<\/p>\n

In domestic news, ANZ and Westpac said that they expect New Zealand’s economy grew 1% in the March quarter, according to separate reports by the banks.<\/p>\n

Also, New Zealand’s light and heavy traffic fell in May as higher fuel prices triggered by the Middle East conflict weighed on demand and discouraged driving, ANZ Research said.<\/p>\n

Further, Westpac said it expects New Zealand’s gross domestic product to rise 1% in the March quarter, with seasonal distortions adding about 0.4 percentage points, according to a report by the bank.<\/p>\n

Meanwhile, New Zealand’s agriculture sector is performing “incredibly well” despite developments overseas, as farmgate prices for beef, lamb, mutton, and wool currently stand at or near record levels, ANZ said.<\/p>\n

In corporate news, Serko (NZE:SKO, ASX:SKO) appointed David Holyoke as chief product officer, effective immediately.<\/p>\n

Westpac Banking’s (ASX:WBC, NZE:WBC) New Zealand division launched its fourth mobile community banking van at Mystery Creek’s Fieldays agricultural event to make its services more accessible.<\/p>\n","protected":false},"excerpt":{"rendered":"MT Newswires -Shutterstock New Zealand shares ended higher on Wednesday, while most Asian shares saw a decline as…\n","protected":false},"author":2,"featured_media":469741,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[12465,111,43,139,69,237569],"class_list":["post-469740","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-anz","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-revolutionary-guards"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/469740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=469740"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/469740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/469741"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=469740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=469740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=469740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}