NZX 50 slides 0.9% on Friday to 13,680 and the kiwi sits near US56 cents, on course for a sixth weekly loss
The NZX 50 fell 130.02 points, or 0.9%, to 13,680.49 on Friday 2 October (NBR), a weekly fall of about 1%. Interest.co.nz's 3pm snapshot showed -1.0%. Serko fell 8.3% on the week, Ryman 7.7% and Summerset 6.3%. The kiwi traded near 56 US cents (Bloomberg), about 56.1 cents after the US jobs report (Mitrade), and below 56 cents earlier in the week (FXStreet).
A weak kiwi raises the cost of imported fuel and goods, while falls in rate-sensitive stocks reflect higher borrowing costs.
KiwiSaver balances in NZ share funds took a small hit, and overseas travel costs more.
A weak kiwi helps exporters.
It adds to inflation and election uncertainty adds a risk premium.
DailyDrop could not find a final closing rate for the kiwi. Use the 56-cent figure as approximate.
DailyDrop New Zealand edition No. 1 · Morning · MON., OCT. 5, 2026