FX.co ★ New Zealand Stocks Snap 5-day Rally

New Zealand's main stock index, the S&P/NZX 50, experienced a slight decline of 0.2%, closing at 12,306 on Thursday, interrupting a five-day streak of gains. This downturn followed U.S. President Donald Trump's recent announcement of new tariffs. On Wednesday, Trump revealed a 25% tariff on imported vehicles such as cars and light trucks, set to take effect on April 2, which has heightened concerns about potential trade conflicts. The decline was primarily driven by large-cap stocks, with Fisher & Paykel dropping 1.2%, Infratil decreasing by 2.5%, Ebos Group down by 1.1%, and Mainfreight falling 2.3%. However, the index's overall decrease was somewhat cushioned by a notable 5.3% surge in Ryman Healthcare's shares, following the retirement home operator's successful agreement with lenders to repay its NZ$275 million institutional term loan, initially established in 2021.