NZ sharemarket steadies after sharp opening fall amid global AI sell-off – Market close

Graham SkellernBusinessDesk·6 Nov, 2026 05:40 AM4 mins to readTāiko Critical Minerals has received conditional approval of its fast-track application for its Barrytown Flats project on the West Coast, with expected production of 35 million tonnes. How quickly the mood of the sharemarket can change. New Zealand shares were down 0.6%, but it wasn’t as dramatic as the sell-off on Wall St and in other Asian Pacific markets. The S&P/NZX 50 Index fell sharply at the open as investors offloaded AI stocks