Correction territory: NZX down nearly 3% in early trading
The fallout of Donald Trump’s ‘Liberation Day’ tariff announcements continues to reverberate, with the local bourse in the largest one-day sell-off since the pandemic.
Global markets have plunged since the US announced widespread and aggressive tariffs.
The local stock market has opened sharply lower this morning as the fallout from US President Donald Trump’s ‘Liberation Day’ tariff announcement continues to reverberate throughout global capital markets.
The Top 50 Index is down more than 352 points, or 2.9%, to 11,872 in its first hour of
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