New Zealand’s sharemarket experienced a third consecutive day of decline, mirroring a tech sell-off occurring in the US market. The S&P/NZX 50 Index closed at 13,400.66, a decrease of 0.26% or 35.11 points. Trading remained constrained, fluctuating between 13,351.86 and 13,437.55 throughout the day. Notably, Spark, a major telecommunications provider, reached a new low in trading. The downturn suggests ongoing investor caution influenced by international tech market trends. This continues a recent pattern of modest losses for the New Zealand exchange.