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New Zealand Shares Fall; Scott Technology Expects Record Fiscal 2026 Results

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New Zealand shares ended lower on Wednesday while Asian markets moved mostly upwards, helped by a rally in tech stocks.

The S&P/NZX 50 Index fell 0.89%% or 123 points to close at 13,737.66.

On Tuesday, the S&P 500 and Dow Jones fell 0.3% while the Nasdaq lost 0.6%.

New Zealand Prime Minister Christopher Luxon survived a confidence vote among National Party lawmakers on Wednesday, though the second internal challenge this year exposed deep party divisions that analysts said could undermine his authority ahead of the Nov. 7 election, according to a Wednesday Reuters report.

In corporate news, Scott Technology (NZE:SCT) expects to post a record financial result for fiscal 2026, forecasting revenue of NZ$290 million to NZ$296 million and operating earnings before interest, taxes, depreciation, and amortization of NZ$34 million to NZ$36 million, up from NZ$275 million and NZ$31.5 million, respectively.

Napier Port Holdings (NZE:NPH) logged NZ$0.15 in earnings per share for the nine months ended June 30, compared with NZ$0.14 a year ago.

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New Zealand Shares Fall; Scott Technology Expects Record Fiscal 2026 Results | FINWIRES