新西兰基准标准普尔/NZX 50指数周四收于12209点，下跌0.3%，抹去了早些时候的涨幅，标志着其连续第三次下跌。对唐纳德·特朗普总统最新关税措施引发的全球贸易战升级的担忧，掩盖了对美国通胀数据降温的缓解。医疗服务类股表现最差，Ryman和大洋洲均下跌3.1%，而Summerset下跌2.1%。弗莱彻大厦也下跌了3.35%。指数权重股也出现了显著下跌，包括斐雪派克（-1.1%）、Infratil（-1.7%）和Spark NZ（-1.3%）。该指数本周迄今已下跌1.5%，反映出人们对美国贸易政策对全球经济潜在影响的更广泛担忧。

New Zealand's benchmark S&P/NZX 50 index closed 0.3% lower to 12,209 on Thursday, wiping out earlier gains to mark its third straight decline. Relief over cooler U.S. inflation data was overshadowed by worries about an escalating global trade war, sparked by President Donald Trump's latest tariff measures. Health services stocks were among the worst performers, with Ryman and Oceania both falling 3.1%, while Summerset dropped 2.1%. Fletcher Building also shed 3.35%. Notable losses were also seen in index heavyweights, including Fisher & Paykel (-1.1%), Infratil (-1.7%), and Spark NZ (-1.3%). The index has fallen 1.5% so far this week, reflecting broader concerns about the potential impact of U.S. trade policies on the global economy.

新西兰元周四升至0.573美元左右，因对美国贸易政策的担忧日益加剧，美元仍处于低迷状态。虽然低于预期的美国消费者通胀给投资者带来了一些缓解，但对关税战加剧对经济增长的潜在影响的担忧继续影响市场情绪。此前，唐纳德·特朗普总统承诺征收更多关税，此前他对钢铁和铝征收进口税的最新举措引发了欧盟和加拿大的报复。然而，新西兰元的涨幅受到对新西兰最大贸易伙伴中国持续通缩压力的担忧的限制，这可能会抑制对该国出口的需求。在国内，由于新西兰储备银行在上次政策会议上表示将进一步降息，尽管它强调对未来走势采取更谨慎的态度，该货币仍面临压力。

The New Zealand dollar rose to around $0.573 on Thursday as the U.S. dollar remained subdued amid growing concerns about U.S. trade policies. While weaker-than-expected U.S. consumer inflation provided some relief to investors, worries about the potential impact of intensifying tariff wars on economic growth continue to weigh on sentiment. This comes after President Donald Trump pledged to impose more tariffs after his latest move to introduce import taxes on steel and aluminium prompted retaliation from the EU and Canada. However, the Kiwi’s gains were limited by concerns over persistent deflationary pressures in China, New Zealand’s largest trading partner, which could dampen demand for the country’s exports. Domestically, the currency remains under pressure as RBNZ signaled further rate cuts in its last policy meeting, though it emphasized a more cautious approach to future moves.

周四早盘，新西兰股市上涨48点，涨幅0.4%，至12298点，结束了前两个交易日的下跌。这一回升是在周三华尔街上涨之后出现的，受2月份美国通胀数据低于预期的影响。贸易商对新西兰1月份强劲的游客抵达数据表示欢迎，其中澳大利亚和大陆游客数量强劲，同比增长13.4%。在最大的贸易伙伴中国，年度议会会议于周三结束，议员们支持政府2024年工作报告和2025年计划，包括将GDP增长目标保持在5%左右。然而，对特朗普总统贸易政策的担忧限制了进一步的进展。在国内，新西兰的食品通胀数据将于周五公布，该数据在1月份达到2.3%的一年高点。生产者制造业、零售业和金融业推动了这一强劲势头，早期推动者包括新西兰南港2.0%、布里斯科集团（1.7%）和Skellerup Hlds。(1.2%).

Equities in New Zealand rose 48 points or 0.4%, to 12,298 in early trade on Thursday, ending losses from the prior two sessions. This upturn followed Wednesday's gains on Wall Street, influenced by cooler-than-expected February US inflation data. Traders welcomed robust tourist arrival data in New Zealand for January, highlighted by a 13.4% jump yoy amid strong visitor numbers from Australia and the mainland. In top trading partner China, the annual parliamentary meeting concluded Wednesday, with lawmakers endorsing the government 2024 work report and the 2025 plans, including maintaining the GDP growth target at around 5%. However, anxiety around President Trump’s trade policies capped further advances. At home, New Zealand’s food inflation data will be due Friday, after reaching a year-high of 2.3% in January. Producer manufacturing, retail trade, and financials drove the strength, with early movers including South Port NZ 2.0%, Briscoe Group (1.7%), and Skellerup Hlds. (1.2%).

2025年1月，新西兰入境游客人数同比增长13.4%，达到370238人。显著增长来自澳大利亚（增长22800）、中国（增长15200）、英国（增长3300）、台湾（增长3200）、韩国（增长1600）、德国（增长1400）和美国（增长1300）。来自中国的游客人数的增加恰逢2025年1月29日开始的中国新年，通常会在1月或2月出现季节性高峰，具体取决于假期的时间。相比之下，2024年的中国新年始于2月10日。2025年1月的入境人数占2019年1月记录的疫情前399300人的93%。

The number of visitor arrivals in New Zealand rose by 13.4% year-on-year to 370,238 in January 2025. Notable growth came from Australia (up 22,800), China (up 15,200), the United Kingdom (up 3,300), Taiwan (up 3,200), Korea (up 1,600), Germany (up 1,400), and the United States (up 1,300). The rise in arrivals from China coincided with the Chinese New Year, which began on January 29, 2025, and typically causes a seasonal peak in January or February, depending on the holiday’s timing. For comparison, the Chinese New Year in 2024 started on February 10. January 2025 arrivals represented 93% of the pre-pandemic figure of 399,300 recorded in January 2019.