Sharemarket News

Hong Kong Stock Exchange Turns From Tough Year to Trading Boom
26 Feb, 1:05pm
The Hong Kong stock exchange is closing its books on a tough 2019 as virus-fueled volatility boosts trading volumes to start the new year... More »

Treasury 10-Year Yield Tumbles to Record Low on Haven Demand
26 Feb, 10:16am
The 10-year U.S. Treasury yield fell to a record low on Tuesday as investors sought shelter amid concern that the global spread of the coronavirus is threatening supply chains critical to economic growth... More »

U.S. Stocks Plunge, Bonds Surge After CDC Warning
26 Feb, 9:33am
U.S. stocks plunged to an 11-week low and bond yields fell to records on rising concern the coronavirus will upend global supply chains critical to economic growth... More »

NZ dollar takes a breather, likely to fall further
25 Feb, 5:26pm
The New Zealand dollar firmed, with traders expecting the currency's slide to resume as more news emerges on the spread of coronavirus beyond China. The kiwi was trading at 63.47 US cents at 5pm in Wellington from 63.24 cents at the same time yesterday. T... More »

Hong Kong Stocks Are Trading at Lowest Versus World Since 2004
25 Feb, 2:06pm
Hong Kong stock investors are the worst off in 16 years relative to the rest of the world as concerns mount over the impact of the coronvirus on an economy already reeling from last year’s protests... More »

Stocks Tumble, Havens Gain on Rising Virus Concern
25 Feb, 9:38am
U.S. equities tumbled alongside stocks in Europe and Asia as authorities struggled to keep the coronavirus from spreading more widely outside China. Havens including Treasuries and gold surged... More »

NZ dollar stalled amid ongoing coronavirus concern
24 Feb, 5:23pm
The New Zealand dollar was little changed amid ongoing concern at the spread of the coronavirus and its likely economic impact. The kiwi was trading at 63.24 US cents at 5pm in Wellington, little changed from 63.11 cents here on Friday but down from 63.41... More »

Member growth delivers healthy results for nib New Zealand
24 Feb, 11:40am
nib New Zealand today announced a strong operating performance for the six months to 31 December 2019 growing both revenue and earnings. The underwriting result1 for the period lifted 10% to NZ$12.6 million... More »

The Australian Dollar Nears a Tipping Point Thanks to Ultra-Low Rates
24 Feb, 11:26am
A decade-long slide in Australian interest rates is threatening to turn one of the global currency market’s most popular wagers on its head... More »

With Gold Surging, Miners Face Payouts Versus Production Dilemma
24 Feb, 10:29am
As gold prices rise, miners have been boosting shareholder payouts in the face of a decline in global output. That’s worrying some investors concerned about the longterm growth prospects of an industry built on a depleting resource... More »

U.S. Dollar Nears a Critical Level That May Trigger a Buying Spree
21 Feb, 10:33am
The spread of the coronavirus has suddenly sparked foreign-exchange traders into action... More »

Tech Leads Stocks Lower on Virus Fears; Gold Gains
21 Feb, 9:39am
U.S. equities slumped on concern that the coronavirus that originated in China will take a heavy toll on corporate earnings. The dollar jumped and gold traded at a seven-year high as investors sought havens... More »

NZ dollar falls on disappointment over Chinese stimulus
20 Feb, 5:28pm
The New Zealand dollar fell further after disappointment that the People's Bank of China hasn't done more to bolster confidence in the wake of the coronavirus crisis. The kiwi was trading at 63.52 US cents at 5pm in Wellington from 63.95 at the same time... More »

Qantas Axes Flights Across Asia as Virus Scares Off Flyers
20 Feb, 2:27pm
Qantas Airways Ltd. is slashing flights in Asia and freezing recruitment in response to falling demand as the coronavirus scares travelers across the region... More »

Some of China's Top Suppliers Are Readying for a Virus Rebound
20 Feb, 10:53am
Raw materials producers who rely on China for the bulk of their sales are showing confidence the risks posed by the coronavirus outbreak may soon ease -- and are poised to benefit from a forecast demand rebound... More »

Plexure signs contract with Super Indo
20 Feb, 9:44am
Plexure Group (NZX: PLX), today announced it will deploy its mobile marketing technology into one of Indonesia’s largest supermarket chains. Plexure will power Super Indo’s mobile engagement platform to deliver deeply personalized offers, mes... More »

Stocks Reach Record Highs After China’s Moves, Fed
20 Feb, 9:39am
Equities advanced on signs that China may be planning further measures to support its economy as it reels from a virus-induced slowdown and after Federal Reserve officials signaled they aren’t anxious to raise interest rates anytime soon... More »

Gold breaks through $1,600
19 Feb, 1:37pm
Gold prices breached the elusive and psychological level of $1600 today, as genuine concerns continue to grow in regards to the coronavirus (COVID-19)... More »

U.S. Sanctions Rosneft Unit for Ties to Venezuelan Oil Trade
19 Feb, 10:08am
The U.S. sanctioned a unit of Russia’s largest oil producer, Rosneft PJSC, for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA... More »

Stocks Mixed With Apple Forecast Spurring Caution
19 Feb, 9:41am
U.S. stocks traded mixed as investors weighed a grim revenue forecast from Apple Inc. with data showing a slowdown in new cases of the deadly coronavirus that originated in China. Treasuries rose and the dollar strengthened... More »