NZX50 falls 1.2% as NZ shares follow Wall Street’s AI sell-off

Jamie GrayBusiness Reporter·NZ Herald·5 Nov, 2026 10:09 PM2 mins to read‌Wall Street stocks slumped on the back of concerns about the AI boom. Wall Street stocks slumped on the back of concerns about the AI boom. New Zealand shares opened weaker in response to Wall Street’s post-election meltdown.After 30 minutes, the S&P/NZX50 index was down by about 170 points, or 1.2%, at 13,921, following the big sell-off on US markets. Concerns that the rapid growth of data centres to serve artificial intelligence (AI) providers may