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New Zealand equities advanced 52 points, or 0.4%, to 13,473 in Tuesday morning trading, extending the previous session’s gains and nearing a two-week high. The rise was led by strength in energy minerals, healthcare, and process industries, as investors largely looked through renewed tariff uncertainty. Wellington noted that exports to the U.S. have remained resilient despite existing duties, though Minister for Trade and Investment Todd McClay cautioned that risks still linger following Washington’s latest tariff measures.
On the data front, figures released Monday showed that New Zealand’s Q4 2025 retail sales surpassed expectations, underpinned by robust discretionary spending heading into the year-end period. In China, New Zealand’s largest trading partner, markets are set to reopen later today after a week-long Spring Festival break.
Further upside was constrained by investor caution ahead of New Zealand’s January business and consumer confidence readings due later this week. Among notable movers, Sanford Ltd. gained 2.0%, Channel Infrastructure NZ rose 1.8%, PGG Wrightson added 1.3%, and Ryman Healthcare advanced 1.2%.
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