Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
The New Zealand dollar (NZD) weakened following the U.S. tariff announcement, trading at 55.77 US cents at midday in Wellington, down from 56.38 US cents earlier in the day. BNZ (ASX: BNZ) senior markets strategist Jason Wong noted that 55.40 US cents offers mild support, but 0.55 remains a crucial level, as it was never breached in 2022. Resistance is anticipated around 57.50–58 US cents. Meanwhile, the S&P/NZX 50 Index dropped 1.8%, reflecting broader market concerns over escalating trade tensions.
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