新西兰股市周三早盘微涨25点，涨幅0.2%，至12983点，此前因加工工业、能源、矿产和公用事业强劲而下跌。周二，在英伟达公司公布业绩之前，华尔街小幅上涨，市场情绪有所改善。与此同时，美国总统特朗普表示，在因库克涉嫌抵押贷款欺诈而将其解雇后，他已准备好进行法律斗争，而美联储表示将尊重法院对她的质疑作出的任何裁决。在当地，尽管借贷成本已经处于3%的三年低点，但在新西兰总理卢克森敦促采取积极宽松政策以刺激经济增长后，对新西兰联储进一步降息的乐观情绪有所增长。然而，在新西兰8月份商业和消费者信心数据公布之前，谨慎情绪缓和了涨幅。在中国，1月至7月的工业利润数据将于今天公布，而8月的官方采购经理人指数将于周末公布。早期的推动者包括T&G Global（3.5%）、Fisher&Paykel Healthcare（2.0%）和Delegat Group（1.7%）。

New Zealand shares edged up 25 points or 0.2% to 12,983 in Wednesday morning trade, swinging from earlier losses on strength in the process industries, energy, minerals, and utilities. Sentiment improved amid modest Wall Street gains on Tuesday ahead of Nvidia Corp.’s results. Meanwhile, U.S. President Trump said he was ready for a legal battle after dismissing Cook over alleged mortgage fraud, while the Fed stated it would honor any court ruling in her challenge. Locally, optimism grew around further RBNZ rate cuts after Prime Minister Luxon urged aggressive easing to spur growth, even with borrowing costs already at a three-year low of 3%. However, gains were tempered by caution ahead of business and consumer confidence data in New Zealand for August. In China, January–July industrial profit figures will be due today, while the official August PMI will be released over the weekend. Early movers included T&G Global (3.5%), Fisher & Paykel Healthcare (2.0%), and Delegat Group (1.7%).

新西兰基准标准普尔/NZX 50指数周二下跌0.9%，至12958点，收复了前一交易日的涨幅，因贸易紧张局势和更广泛的不确定性导致风险情绪减弱。美国总统特朗普威胁称，如果中国不能向美国供应稀土磁铁，将对中国征收高额关税，这加剧了人们对新西兰贸易暴露经济的连锁反应的担忧。对美联储独立性的担忧也影响了市场情绪，在特朗普宣布因涉嫌不当行为罢免美联储理事后，对利率的鸽派更新黯然失色。新西兰储备银行上周降息并暗示进一步放松政策后，其温和的前景在一定程度上缓解了损失，这引起了卢森堡首相的批评，称其没有采取更积极的行动。在整个交易所，排名靠后的包括Meridian Energy（-3.5%）、T&G Global（-3.4%）、Genesis（-3.3%）、Gentrack（-2.6%）、Spark NZ（-2.2%）和Serko（-2%）。

New Zealand’s benchmark S&P/NZX 50 index fell 0.9% to 12,958 on Tuesday, giving back gains from the previous session as risk sentiment weakened on trade tensions and broader uncertainties. US President Trump threatened steep tariffs on China if it fails to supply rare-earth magnets to the US, fueling concerns about ripple effects on New Zealand’s trade-exposed economy. Worries over Federal Reserve independence also weighed on sentiment, overshadowing a dovish update on interest rates, after Trump announced the removal of a Fed governor over alleged improprieties. Losses were partly cushioned by the RBNZ’s dovish outlook, after the bank cut rates last week and signaled further easing, drawing criticism from PM Luxon for not acting more aggressively. Across the bourse, top laggards included Meridian Energy (-3.5%), T&G Global (-3.4%), Genesis (-3.3%), Gentrack (-2.6%), Spark NZ (-2.2%), and Serko (-2%).

周二，由于贸易风险和对储备银行进一步降息的预期，新西兰元跌至0.584美元左右，回落至四个月低点。美国总统特朗普威胁对中国稀土出口征收高额关税，并警告对维持数字税的国家征税，加剧风险规避，并对大宗商品挂钩货币造成压力，市场情绪减弱。雪上加霜的是，新西兰储备银行上周降息，并以国内和全球增长风险为由表示未来将进一步放松，而新西兰总理克里斯托弗·卢克森批评该行行动不够积极。市场现在认为，10月份再次降息的可能性接近50%，并在11月前完全定价。然而，在特朗普因涉嫌抵押贷款欺诈而罢免美联储理事丽莎·库克引发对央行独立性的担忧后，美元走软在一定程度上缓解了损失。

The New Zealand dollar slipped to around $0.584 on Tuesday, moving back toward its four-month low amid trade risks and expectations of further Reserve Bank rate cuts. Sentiment weakened after US President Trump threatened steep tariffs on China over rare-earth exports and warned of levies on countries maintaining digital taxes, fueling risk aversion and weighing on commodity-linked currencies. Adding to pressure, the RBNZ cut rates last week and signaled more easing ahead, citing domestic and global growth risks, while Prime Minister Christopher Luxon criticized the bank for not acting aggressively enough. Markets now assign nearly a 50% chance of another cut in October and fully price in a move by November. Losses, however, were partly cushioned by a weaker US dollar after Trump’s removal of Fed Governor Lisa Cook over alleged mortgage fraud raised concerns about central bank independence.

新西兰股市在周二早盘几乎没有变化，在前一交易日小幅上涨后徘徊在13079点左右。通信和工业服务的进步几乎抵消了非能源矿产和医疗保健的损失。交易员在劳动力市场担忧的情况下权衡了美联储降息的前景，同时在新西兰总理克里斯托弗·卢克森批评新西兰联储的谨慎立场后评估了国内前景，尽管自去年8月以来借贷成本从5.5%逐步放缓。在华尔街，周一股市收盘下跌，投资者在英伟达盈利和美联储首选通胀指标公布之前获利回吐。在主要贸易伙伴中国，1月至7月的工业利润数据将于本周晚些时候公布，贸易壁垒、需求疲软和最近的恶劣天气给市场情绪蒙上了阴影。Genesis Energy（-2.1%）、T&G Global（-1.9%）和AFT Pharma（-1.5%）下跌，而Scott Tech（2.4%）、Vista Group（1.9%）和Mainfreight（1.8%）上涨。

New Zealand stocks were little changed in early Tuesday trade, hovering around 13,079 after a modest rise in the prior session. Advances in communications and industrial services nearly offset losses in non-energy minerals and healthcare. Traders weighed U.S. Fed rate cut prospects amid labor market concerns, while assessing the domestic outlook after Prime Minister Christopher Luxon criticized the RBNZ’s cautious stance—despite a gradual easing in borrowing costs from 5.5% since last August. On Wall Street, equities closed lower Monday as investors booked profits ahead of Nvidia’s earnings and the Fed’s preferred inflation gauge. In major trading partner China, January–July industrial profit data is due later this week, with sentiment clouded by trade barriers, soft demand, and recent adverse weather. Genesis Energy (-2.1%), T&G Global (-1.9%), and AFT Pharma (-1.5%) declined, while Scott Tech (2.4%), Vista Group (1.9%), and Mainfreight (1.8%) posted gains.