NZX 50 falls 0.2% as oil prices and Treasury yields pressure stocks

Sep 30, 2026 05:43 (24d ago)

NZX 50 fell 24 points, or 0.2%, to close at 13,811 on Thursday after reversing part of the previous session’s 1.1% gain.
Higher oil prices, Middle East tensions, elevated Treasury yields and overnight Wall Street losses pressured stocks despite softer US inflation data.
August building permits rose at the fastest pace in four months, while energy, financial and communication services led sector declines.

The NZX 50 fell 24 points, or 0.2%, to close at 13,811 on Thursday after briefly trading at 13,781, down 0.4%, reversing part of the previous session’s 151-point, or 1.1%, gain. New Zealand shares followed Wall Street lower as higher oil prices, Middle East tensions and elevated US Treasury yields outweighed softer-than-expected US inflation data. Investors awaited US jobs data for clues about the Federal Reserve’s next monetary policy decision. August building permits rose at their fastest pace in four months, helping limit the decline, while energy, financial and communication services led losses.