New Zealand Shares Muted as Markets Await More US Tariffs

MT Newswires Live

Feb 10, 2025

New Zealand shares were flat with a negative bias Monday as US President Donald Trump threatened further tariffs.

The S&P/NZX 50 Index was little changed at 12,876.35.

Industrial services were the biggest decliners, while non-energy minerals led stocks that advanced.

In Asia, Hong Kong's Hang Seng climbed 1.4%, the Shanghai SSE rose 0.3%, and Japan's Nikkei 225 was flat.

Trump said Sunday that a 25% tariff on steel and aluminum imports will take effect Monday. He also threatened further duties in the coming days in the event a country retaliates.

In domestic news, New Zealand's total new lending went up to NZ$13.8 billion in December 2024 from NZ$13.6 billion in the prior month, data from the Reserve Bank showed Monday.

In corporate news, the Environment Court has approved Meridian Energy's (NZE:MEL, ASX:MEZ) 120-megawatt Ruakaka solar farm in Northland following an appeal. The utility company's shares finished flat.

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He also threatened further duties in the coming days in the event a country retaliates.</p><p>In domestic news, New Zealand's total new lending went up to NZ$13.8 billion in December 2024 from NZ$13.6 billion in the prior month, data from the Reserve Bank showed Monday.</p><p>In corporate news, the Environment Court has approved Meridian Energy's (NZE:MEL, ASX:MEZ) 120-megawatt Ruakaka solar farm in Northland following an appeal. The utility company's shares finished flat.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7060","symbol_name":"新能源发电业者","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2510004473","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510004473","pubTimestamp":1739162359,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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