New Zealand Shares Rise Amid Investors' Worry Over Nvidia's China Business, Summerset Posts Higher H1 Earnings

MT Newswires Live

08/28

New Zealand shares rose on Thursday amid investors' worry about Nvidia's business future in China.

The S&P/NZX 50 Index rose 0.32% or 41.24 points to close at 12,903.08.

Nvidia's shares fell on Wednesday after the company's quarterly results, as its Chinese business gets caught in the trade war between the US and China. The chipmaker giant has excluded potential China sales from the forecast for the current quarter.

In domestic news, the total business count across New Zealand fell to 593,811 in July from 596,124 in June, according to data from Stats NZ.

Further, New Zealand's business confidence lifted 2 points in August to a net 50% expecting better business conditions, while expected own activity fell 2 points to a net 39%, according to data released by ANZ.

Also, the seasonally adjusted number of filled jobs across New Zealand industries rose 0.2% month on month to 2.4 million in July, following a 0.1% increase in June, data from Stats NZ showed.

In corporate news, Summerset Group Holdings (ASX:SNZ, NZE:SUM) reported Thursday first-half earnings of NZ$0.5304 per share, up from NZ$0.428 a year earlier.

Air New Zealand (ASX:AIZ,NZE:AIR) reported Thursday fiscal year 2025 earnings of NZ$0.0370 per share, down from NZ$0.043 a year earlier.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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