New Zealand Shares Rise Ahead of US Rate Cut Hopes, Eroad to Join to S&P/ASX All Technology Index

MT Newswires Live

2025/09/08

New Zealand shares rose on Monday as most Asian indexes traded higher after soft US labor market data from last week had strengthened investors' hope for a Fed rate cut in September.

The S&P/NZX 50 Index rose 0.44% or 57.61 points to close at 13,281.14.

Meanwhile, Japanese Prime Minister Shigeru Ishiba resigned on Sunday as he took responsibility for a series of election losses.

In domestic news, New Zealand's national average rental price dropped to NZ$628 in August, the lowest since September 2023

In corporate news, Eroad (ASX:ERD, NZE:ERD) will be added to the S&P/ASX All Technology Index before the opening of trading on Sept. 22.

Tourism Holdings (ASX:THL, NZE:THL) is closing its standalone recreational vehicle (RV) dealerships in Sydney and Brisbane, moving to streamline operations, cut overheads, and sharpen its focus on higher-margin ex-fleet sales.

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