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Home World New Zealand

‘A rough day ahead’ as NZ stocks drop in market meltdown from US tariffs

6 April 2025
in New Zealand
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‘A rough day ahead’ as NZ stocks drop in market meltdown from US tariffs
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New Zealand share prices dropped sharply and Aussie stocks plunged as the financial fallout from US President Donald Trump’s tariffs announcement continued to spook world markets, with the S&P/NZX50 Index down 3% led by Fisher and Paykel Healthcare. Australian stocks also fell significantly amid fears of a global recession, with the S&P/ASX 200 dropping 6.3%. China retaliated with a 34% duty on US imports, escalating the likelihood of a full-blown trade war and increasing US tariffs on Chinese goods to 76%.

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Tags: aA'saheadannouncementAussiecontinuedDayDonalddropDroppedFalloutFinancialfrominlastMarketMarketsMeltdownnzPlungedpresidentpricesReactionroughSharesharplyspookStocksTariffsto..TrumpsUSweekworldZealand
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