New Zealand stocks fell 61 points or 0.5% to 12,567 on Thursday morning, marking the third session of losses.
The decline was led by losses in consumer durables, industrial services, and healthcare sectors.
Traders reacted to the U.S. Fed’s decision to hold interest rates steady for the fourth straight meeting, as widely expected.
However, sentiment was dampened after the Fed signaled fewer rate cuts in 2025, citing persistent cost pressures and concerns over slowing economic growth.