New Zealand Shares Flat as Asian Markets Fall After Reports of Reciprocal US Tariffs

MT Newswires Live03-24

New Zealand shares were flat with a positive bias on Monday while most Asian indexes saw losses after reports of the Trump administration preparing more targeted tariff impositions in April.

The S&P/NZX 50 Index rose 0.1% or 14.67 points to close at 12,128.21.

US President Donald Trump is reportedly preparing for a "Liberation Day" tariff announcement on April 2 to impose reciprocal tariffs as a "retribution" for tariffs imposed by the US's trade partners.

In corporate news, Synlait Milk (NZE:SML, ASX:SM1) reported Monday fiscal half-year earnings of NZ$0.0101 per diluted share, compared with a loss of NZ$0.4402 per diluted share a year earlier.

Briscoe Group (ASX:BGP, NZE:BGP) confirmed that it complies with the listing rules of its overseas home exchange, the New Zealand Stock Exchange, and continues to comply with them as a foreign exempt listing on the Australian Securities Exchange.

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