14 Oct 2025

Business commentator Hamish McNicol

From Nine To Noon, 11:05 am on 14 October 2025

US President Trump's tariff wars wiped $2 trillion off markets - as fears grow of an AI bubble. Hamish also talks about how reforms aimed at improving the NZX have stalled, with two big names expected to depart from the local stock market soon. There are also rumblings about the Financial Markets Authority, which has experienced high staff turnover and received poor feedback from external stakeholders.

Donald Trump and the NZX.

Donald Trump and the NZX. Photo: AFP / NZX

Hamish is co-editor at the National Business Review.