S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The NZX 50 fell 61 points, or 0.5%, to close at 12,885 on Thursday, touching its lowest level since April 1 and reversing morning strength, while erasing gains from the previous three sessions as traders worried about delays in economic recovery. Finance Minister Nicola Willis said on Thursday that the economy has been delayed but not derailed, as the Iran war lifted fuel costs and dented business and consumer sentiment.
Wednesday’s decision by Moody’s Ratings to downgrade New Zealand’s outlook to negative from stable also pressured sentiment. The downgrade came after Fitch Ratings lowered the country’s outlook to negative from stable in March. Healthcare, materials, consumer discretionary, and financials mainly weighed on the index. Among the bottom performers were Fisher & Paykel Healthcare (-3.0%), Colonial Motor Company (-2.3%), Ebos Group (-1.4%), ANZ Group (-0.9%), F&C Investment Trust (-0.8%), A2 Milk (-0.8%), Chorus (-0.6%), and Mainfreight (-0.5%).
