empty
 
 

02.11.202605:06:28UTC+00NZX 50 Ends 0.7% Lower, Snaps 3-Day Winning Streak

The NZX 50 fell 98 points, or 0.7%, to close at 13,699 on Monday, ending a three-session winning streak and mirroring Friday’s tech-led decline on Wall Street. Sentiment was further dampened by caution ahead of New Zealand’s Q3 unemployment data, due later this week, and by persistent concerns that the RBNZ could signal a possible interest rate hike at its December meeting in response to renewed inflation risks.

Weaker-than-expected Chinese PMI readings also weighed on the market. The official government survey showed an unexpected contraction in factory activity in October, while the private gauge indicated a slowdown in manufacturing growth. These data points added to global growth concerns, though easing oil prices helped temper inflation worries.

The broader index retreated from the high reached on Friday, its strongest level since October 15, with materials and healthcare stocks under particular pressure. Among the notable decliners were Fisher & Paykel (-3.2%), Chorus (-2.0%), Freightways Group (-2.0%), and Westpac Banking Corp. (-1.1%).

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback