New Zealand shares saw a session of losses Thursday, like most Asian indexes, as markets digest US President Donald Trump's upcoming tariffs.
The S&P/NZX 50 Index fell 0.2% or 28.39 points to close at 12,305.79.
Trump announced plans to impose a 25% tariff on all foreign-made vehicles and auto parts, triggering a selloff in auto stocks. General Motors shares dropped 8%, while major Asian automakers like Toyota and Honda also saw declines.
In corporate news, New Zealand King Salmon Investments (NZE:NZK, ASX:NZK) reported fiscal 2025 earnings of NZ$0.02 per diluted share, compared with NZ$0.05 a year earlier.
Ryman Healthcare (NZE:RYM) reached an agreement with lenders to repay its NZ$275 million institutional term loan established in 2021. The company's shares closed up over 5%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.