NZX 50 Ends 1.1% Lower as Oil, Bond Yields Rise
The NZX 50 fell 147 points, or 1.1%, to 13,684 on Tuesday, erasing the previous session's gains and tracking a decline on Wall Street overnight as Treasury yields rose, driven by higher oil prices and concerns about inflation and expectations of a Fed interest rate hike. Recently, RBNZ Governor Anna Breman warned that