FX.co ★ New Zealand Stocks Extend Winning Streak

On Wednesday, New Zealand's S&P/NZX 50 index saw a significant increase, rising by 1.2% to reach a closing value of 12,334. This marks the index's largest single-day rise since November 22, extending a five-day winning streak. The surge was largely fueled by optimism surrounding U.S. President Donald Trump's forthcoming tariff measures, which are anticipated to be less severe than initially feared. Investor confidence was further bolstered by S&P Global Ratings' assessment, indicating that New Zealand and other key economies are likely to experience minimal impact from these tariffs. Prominent gains were recorded among major stocks, including Fisher & Paykel with a 4.7% rise, Meridian Energy up by 3.2%, Auckland International Airport gaining 1.8%, and Ebos Group increasing by 1.3%. Additionally, retirement home operators Ryman Healthcare and Summerset experienced notable advancements, with increases of 6% and 1.15%, respectively.