Asia
New Zealand Shares Flat; Henderson Far East Income Reports Net Asset Value
New Zealand shares ended flat on Thursday, while Asian shares saw broad-based losses following a sell-off on Wall Street's Wednesday session.The S&P/NZX 50 Index was little changed to close at 13,101.61.On Wednesday, the S&P 500 lost 0.7%, the Nasdaq Composite fell 0.9%, and the Dow Jones declined 1.2%.In domestic news, New Zealand's seasonally adjusted total building volume fell 3.5% in the March quarter compared with the December 2025 quarter, data from Stats NZ showed.Also, the national median home value in New Zealand held steady in May at NZ$808,187, unchanged from April but down 0.1% over the past three months, according to Cotality's Home Value Index.Further, the ANZ World Commodity Price Index climbed 0.7% month over month in May, with all commodity groups in the index seeing incremental gains, according to a report from ANZ Research.Meanwhile, overall card spending in New Zealand rose 1.8% in May in seasonally adjusted terms, up 4.8% compared with the same period last year, with a notable bounce-back at discretionary-type stores, ANZ said in a reportIn corporate news, Henderson Far East Income's (NZE:HFL) unaudited net asset value, including current fiscal year revenue items, was 2.651 pounds sterling per share as of Tuesday.Bankers Investment Trust's (NZE:BIT) unaudited net asset value was 1.605 pounds sterling per share as of Tuesday.
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