New Zealand stocks fell for a second day, following Wall Street lower as a global tech sell off continued. Xero led the benchmark index lower, while Diligent Board Member Services, Wynyard Group, SLI Systems and GeoOp all fell. The NZX 50 Index declined 44.284 points, or about 0.9 percent, to 5031.56. Within the index, 29 stocks fell, 10 rose and …

The New Zealand dollar gained as volatility in equity markets failed to spill over into foreign exchange, and the kiwi remained an attractive buy on the prospect of higher interest rates later this month. The kiwi rose to 86.30 US cents at 5pm in Wellington from 86.03 cents at 8am and 85.92 cents yesterday. The trade-weighted index advanced to 80.52 from 80.31. Traders are …

Postie Plus Group, whose stock has dropped 42 percent in the past 12 months, has met an extended deadline to post its first-half results, reporting a wider loss on supply chain disruptions and tough trading conditions for clothing retailers. The net loss was $3.8 million in the six months ended Feb. 2, from a loss of $1.8 million a year earlier, …