New Zealand Shares Fall Amid US-China Trade Tensions, Air New Zealand Appoints CEO

MT Newswires Live

Jul 30, 2025

New Zealand shares fell on Wednesday as the US and China did not reach a definitive agreement on their trade truce.

The S&P/NZX 50 Index fell 0.62% or 80.44 points to close at 12,855.97.

The US and China have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm concluded on Tuesday, according to a Wednesday Associated Press report.

A total of 1,783 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) Pulse auction held Tuesday, within the supply range of 1,700 MT to 1,950 MT, according to data from the trading platform.

In corporate news, Air New Zealand (ASX:AIZ, NZE:AIR) appointed current Chief Digital Officer Nikhil Ravishankar as chief executive, effective Oct. 20, succeeding Greg Foran.

Synlait Milk (ASX:SM1, NZE:SML) said it expects its fiscal year 2025 net loss after tax to narrow between NZ$27 million and NZ$40 million, compared with a loss of NZ$182.1 million a year earlier.

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