The NZX 50 climbed 112 points, or 0.8%, to finish at 13,532 on Tuesday, extending prior-session advances and hovering near a two-week high. Sentiment remained upbeat as U.S. futures were modestly higher following Monday’s Wall Street sell-off, which was driven by tariff uncertainty, geopolitical tensions, and concerns over AI investment. Traders also noted reports that China is urging Washington to drop unilateral tariff measures and warning of harmful conflict. Locally, Reserve Bank Governor Anna Breman said growth prospects in New Zealand look encouraging after three years of stagnation, with limited geopolitical risks, though cautious households remain a headwind. Despite the upside, strength was capped ahead of January business and consumer confidence data, due later this week. Energy minerals, healthcare, and process industries led advances. Solid performers included Channel Infrastructure (4.4%), Fisher & Paykel Healthcare (2.4%), Sanford Ltd. (2.2%), and Tourism Holdings (1.7%).
