FX.co ★ New Zealand Equities Rebound

New Zealand shares rose 99 points, or 0.8%, to 13,194 in Wednesday morning trade, breaking a three-session losing streak as bargain hunters stepped in after the market hit a two-week low. Gains were broadly based, led by consumer durables, transport, and healthcare stocks. The rebound came after a global sell-off earlier in the week, triggered by a sharp rise in oil prices and heightened geopolitical tensions in the Middle East. In major trading partner China, both exports and imports beat forecasts in the first two months of 2026, with the trade surplus also surpassing expectations. Meanwhile, U.S. markets were little changed on Tuesday as Wall Street awaited clearer signals on when the conflict with Iran might end. Among notable movers were Chorus Ltd. (up 2.0%), Freightways Group (1.8%), Gentrack Group (1.5%), and Scales Corp. (1.3%). Investors are now looking ahead to key domestic releases later this week, including New Zealand’s Q4 manufacturing sales and January visitor arrivals.