FX.co ★ NZX 50 Ends at Record High, Snaps 2-Session Losing Streak

The NZX 50 jumped 194 points, or 1.4%, to finish at a new record high of 14,167 on Tuesday, breaking a two-session losing streak and mirroring overnight gains on Wall Street driven by a rebound in AI-related stocks. Sentiment was further supported by easing oil prices, which helped temper inflation worries and dampen expectations of additional interest rate hikes.

Confidence was also buoyed by fresh trade data from China, New Zealand’s largest trading partner, showing continued strength in export growth. Even so, investors remained focused on domestic political developments, with coalition negotiations ongoing and final election results not due until November 27. Caution also prevailed ahead of the release of US inflation data later in the day, seen as a key guide for the Federal Reserve’s next monetary policy decision.

Nearly all sectors finished in positive territory, led by financials and consumer staples. Notable gainers included EBOS Group (up 3.3%), Infratil (3.1%), A2 Milk (3.0%), Fisher & Paykel (1.2%), and ANZ Group (1.2%).