The New Zealand stock market showed volatility with the S&P/NZX 50 Index alternating between gains and losses due to declining business confidence and mixed economic signals. Investors remained cautious amidst domestic and international uncertainties.
A Techstars survey reveals a trend among tech founders moving away from IPOs in favor of private funding. Market volatility, regulatory challenges, and a desire for sustainable growth drive this shift.
Nvidia's shares nosedive by nearly 13%, wiping out US$430 billion in market value due to investor concerns over regulatory changes, semiconductor demand shifts, and cooling tech stock enthusiasm.
The NZX 50 index closed down 1.5% this week amid heightened trading activity due to index reweighting. Turnover soared to $445.7 million as fund managers adjusted portfolios, reflecting volatility and future market recalibration.
In an uncertain and volatile market, Moelis & Company observes that sponsors exercise caution. They remain on the sidelines due to risk minimization, regulatory challenges, and economic instability, according to Moelis' insights.
Oil prices have declined due to concerns about potential rate hikes by central banks. These hikes could slow economic growth, reduce demand for oil, and create market volatility.
