New Zealand Stocks Muted in Early Deals
The NZX 50 index was nearly flat at 13,404 in early trading on Thursday, following gains in materials, industrials, and communication services, which offset losses in energy, consumer staples, and tech sectors. Traders are cautious ahead of New Zealand's business confidence data and Chinese PMI data, while optimism grew due to a planned meeting between US President Trump and Chinese President Xi Jinping. AFT Pharmaceuticals, ANZ Group, and A2 Milk saw declines, while Fonterra, Freightways Group, and Mainfreight posted gains.
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