NZ sharemarket down almost 1% amid Iran War escalation – Market close

BusinessDesk2 Oct, 2026 05:16 AM4 mins to readThe NZX dropped on a bout of selling as investors became nervous about an escalation of the US-Iran War.The New Zealand sharemarket fell nearly 1% on a bout of selling as investors became nervous about an escalation of the US-Iran War.The S&P/NZX 50 Index slid gradually till mid-afternoon and closed at 13,680.49, down 130.02 points or 0.94%. The index finished the week down nearly 1% for the year to date. Since its year’s low on March 24 (11,701.75 points), the index has risen about 8.7%.