New Zealand shares ended lower on Friday tracking losses from Wall Street as US indexes fell sharply after tariff announcements.
The S&P/NZX 50 Index dropped 0.9% or 113.29 points to close at 12,225.28.
Wall Street fell sharply on Thursday in the wake of the Trump administration's sweeping tariff policy. The Nasdaq Composite tumbled 6%, the S&P 500 plunged 4.8%, and the Dow Jones Industrial Average lost 4%.
In the local economy, Property values in New Zealand rose further in March, with the CoreLogic Home Value Index up 0.5%, following a 0.4% rise in February, the real estate data and analytics provider reported.
Meanwhile, The Reserve Bank of New Zealand is expected to cut the key rate by 25 basis points to 3.5% on April 9, according to economists polled by Reuters.
In corporate news, Insurance Australia Group's (ASX:IAG) New Zealand unit is facing civil proceedings filed by New Zealand's Financial Markets Authority (FMA) over alleged breaches of fair dealing related to its insurance products, according to a Friday statement by the regulator.
Kiwi insurer Tower (NZE:TWR, ASX:TWR) is on track to report an underlying profit of nearly NZ$60 million for the six months ended March 31, representing close to the bottom end of its fiscal year guidance, Interest.co.nz reported Thursday, citing Forsyth Barr.
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