New Zealand shares saw a session of losses Thursday, like most Asian indexes, as markets digest US President Donald Trump's upcoming tariffs.
The S&P/NZX 50 Index fell 0.2% or 28.39 points to close at 12,305.79.
Trump announced plans to impose a 25% tariff on all foreign-made vehicles and auto parts, triggering a selloff in auto stocks. General Motors shares dropped 8%, while major Asian automakers like Toyota and Honda also saw declines.
In corporate news, New Zealand King Salmon Investments (NZE:NZK, ASX:NZK) reported fiscal 2025 earnings of NZ$0.02 per diluted share, compared with NZ$0.05 a year earlier.
Ryman Healthcare (NZE:RYM) reached an agreement with lenders to repay its NZ$275 million institutional term loan established in 2021. The company's shares closed up over 5%.
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