S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The NZX 50 rose 76 points, or 0.6%, to close at 13,622 on Tuesday, extending gains from the previous session and hitting its highest level since February 27, tracking a rally on Wall Street overnight as traders reassessed the AI trade following the recent selloff while US-Iran tensions eased. Easing oil prices also lifted sentiment as inflation concerns eased, reducing expectations of an interest rate hike. Fresh data also boosted sentiment, as New Zealand’s business confidence surged to its highest level since February, while China’s private sector expanded at the fastest pace in six months. Gains in utilities, financials, and consumer staples mainly supported the broader index. Among the top performers were Scales Corp. (4.4%), Freightways Group (2.3%), Summerset Group (2.0%), Ebos Group (1.7%), A2 Milk (1.1%), and Chorus (1.1%). For the month and quarter, the index is on track for gains of 2.8% and 5.5%, respectively.
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