{"id":75621,"date":"2025-10-13T12:23:09","date_gmt":"2025-10-13T12:23:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/75621\/"},"modified":"2025-10-13T12:23:09","modified_gmt":"2025-10-13T12:23:09","slug":"nz-sharemarket-falls-as-wall-street-slides-on-renewed-us-china-trade-fears","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/75621\/","title":{"rendered":"NZ sharemarket falls as Wall Street slides on renewed US-China trade fears"},"content":{"rendered":"

By late morning, the S&P\/NZX50 index had dropped by 137 points or 1% to 13,329.95 after briefly hitting a record high last week.<\/p>\n

Precinct Property\u2019s capital <\/a>raise was also weighing on the market, as investors sold other property stocks to free up money to participate in the issue.<\/p>\n

Among the leading issues, power generator Meridian was the hardest hit, dropping 23c or 3.85% to $5.75.<\/p>\n

Trade uncertainty also caused some volatility in the New Zealand dollar, which traded in New York at US57.50c but opened locally at US57.30c.<\/p>\n

The Australian sharemarket is set to open sharply lower this morning, with ASX futures lower by 0.9%.<\/p>\n

Craigs Investment Partners investment director Mark Lister said a period of relative calm on the markets had come to an end as the world\u2019s two biggest economies looked to again be at loggerheads on trade.<\/p>\n

\u201cI would expect all of the markets in our time zone to weaken today, and there is a good chance of further weakness on Wall Street and with those other bigger markets overnight,\u201d Lister said.<\/p>\n

Ryman Healthcare was down 9c to $2.80 after a strong run last week. <\/p>\n

Fletcher Building, which also showed signs of life last week, was down 8c at $3.21 after giving a gloomy trading update<\/a>.<\/p>\n

In property, Stride was down 4c at $1.48 and Kiwi Income fell 3c to $1.095.<\/p>\n

Lister said the market\u2019s modest decline overall was \u201cnot a bad showing\u201d.<\/p>\n

\u201cThe markets have had a hell of a run and have strengthened significantly since those lows of April,\u201d he said.<\/p>\n

\u201cEven the little New Zealand market has gained 14% since those April lows.\u201d<\/p>\n

Kiwibank economists said they would be watching closely for further developments, and hoping for a quick resolution.<\/p>\n

\u201cThe tit for tat trade spat between the US and China (our two largest trading partners) doesn\u2019t bode well for little ol\u2019 Aotearoa,\u201d they said.<\/p>\n

\u201cWeaker global growth and weaker Kiwi growth \u2013 that\u2019s the last thing we need.”<\/p>\n

Jamie Gray is an Auckland-based journalist, covering the financial markets, the primary sector and energy. He joined the Herald in 2011.<\/p>\n

Listen and subscribe to the Today in Business<\/a> podcast \u2013 the top headlines from the NZ Herald business team summarised and delivered by an artificial intelligence (AI) voice as an easily digestible recap.<\/p>\n","protected":false},"excerpt":{"rendered":"By late morning, the S&P\/NZX50 index had dropped by 137 points or 1% to 13,329.95 after briefly hitting…\n","protected":false},"author":2,"featured_media":75622,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1443,74,3404,806,138,29384,15248,28164,13989,111,139,69,90,12064,1123,30248,1125,203,59112,5424,584,59113,13558,80],"class_list":["post-75621","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-about","tag-after","tag-anxiety","tag-as","tag-business","tag-decline","tag-falls","tag-fears","tag-fell","tag-new-zealand","tag-newzealand","tag-nz","tag-on","tag-prompted","tag-relations","tag-renewed","tag-sharemarket","tag-sharp","tag-slides","tag-street","tag-trade","tag-uschina","tag-wall","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/75621","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=75621"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/75621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/75622"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=75621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=75621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=75621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}