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23.03.202600:10:06UTC+00NZX 50 Hits Over 7-Month Low

The NZX 50 fell 1.2% to 12,838 on Monday, extending the prior week’s losses and closing at its lowest level since August 2025, as rising geopolitical tensions continued to dampen investor sentiment. Risks in the Middle East intensified after US President Trump threatened to strike Iranian power facilities should Tehran keep the Strait of Hormuz closed. In response, Iran warned it would target key US and Israeli assets, heightening fears of disruptions to global energy supplies.

Against this backdrop, Reserve Bank of New Zealand Governor Adrian Orr is scheduled to deliver a keynote address at BusinessNZ’s CEO Forum in Auckland. He is expected to discuss the potential economic fallout from the evolving Middle East conflict and to provide an update on ongoing initiatives to modernise New Zealand’s payments system.

Heavyweight stocks led the market lower, with notable declines in Fisher & Paykel Healthcare (-0.7%), Meridian Energy (-0.6%), Auckland International Airport (-2.4%), and Infratil (-1.1%).

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