FX.co ★ New Zealand Shares End Two-Day Gains Amid U.S. Yield Surge

New Zealand's stock market experienced a decline of 20 points, equivalent to 0.2%, bringing the index to 12,684 on Thursday morning. This downturn ended a two-day rally, influenced by a sell-off on Wall Street on Wednesday. The sell-off was triggered by a rise in U.S. Treasury yields, which raised apprehensions regarding the expanding budget deficit in Washington.