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New Zealand Shares Fall; Auckland International Airport Expects June 27 to be Busiest International Departures Day

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New Zealand shares closed lower on Wednesday as Asian markets saw losses after a day of sell-off on Wall Street.

The S&P/NZX 50 Index fell 0.26% ot 35.11 points to close at 13,400.66.

On Tuesday, Wall Street ended lower due to a selloff in semiconductor shares amid investors' worry over rising AI spending.

Chipmaking giant Nvidia closed 4% lower, and AMD fell about 6%, leading to a fall of 2% on the Nasdaq Composite and 1% on the S&P 500.

In domestic news, a total of 2,871 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) Pulse auction held Tuesday, with supply ranging from 2,700 MT to 3,050 MT, according to data from the trading platform.

In corporate news, Auckland International Airport (ASX:AIA, NZE:AIA) expects June 27 to be the busiest day for international departures, with nearly 15,000 travellers set to fly out of the airport.

Westpac Banking (ASX:WBC, NZE:WBC) appointed Richard Heeley as its Chief Information Officer, commencing later in the year.

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