War breeds market volatility as business confidence ‘smashed’

KMD Brands’ hugely discounted equity raise, ANZ’s confidence survey drop, and house price doldrums indicate a difficult path forward.

We may yet see US military boots on the ground in Iran, although probably not KMD Brands-made ones.

Will Mace Sat, 04 Apr 2026

Evidence that New Zealand is increasingly being buffeted by geopolitical forces is continuing to mount, with business confidence “smashed”, a property market continuing to sink, and KMD Brands facing off with its bankers and investors.

In a week that saw US President Donald Trump threaten to

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