NZX 50 climbs 0.6% as local market shakes off global tech rout – Market close

BusinessDesk17 Jul, 2026 06:12 AM4 mins to readFood prices are among the factors influencing the expectation of an inflation rate of 4.1% to 4.2% when the June consumers price index is released on Tuesday.The New Zealand sharemarket shrugged off weakness offshore, resulting from another technology sell-down, with a late rise and a gain of more than 0.5%. The sharp lift in the brokers’ matching session meant the S&P/NZX 50 Index closed at 13,694.68, up 79.9 points or 0.59% after reaching an intraday low