周三早盘，新西兰元50指数下跌63点，跌幅0.5%，至11829点，扭转了前一天的强势走势。这一下跌是在华尔街隔夜下跌之后出现的，因为在美国对中国商品征收的新关税（总计约104%）将于今天晚些时候生效之前，对潜在全球贸易战的担忧加剧，新西兰密切关注这一发展，因为中国是其最大的贸易伙伴。由于通缩风险持续存在，交易员在本周晚些时候中国大陆即将公布的3月份CPI和PPI数据之前也采取了谨慎的立场。对新西兰储备银行可能在今天晚些时候的政策会议上降低借贷成本的乐观情绪有助于限制进一步的损失。预计央行将降息25个基点至3.5%，今年晚些时候预计还会再降息两次，因为这个太平洋国家的通货膨胀仍然受到控制。其中最落后的是千禧酒店（-4.4%）、弗莱彻大厦（-3.3%）、Skellerup控股公司（-2.2%）和Contact Energy（-1.3%）。

The NZX 50 lost 63 points or 0.5% to 11,829 in early trade on Wednesday, reversing a strong session the day before. The decline followed losses on Wall Street overnight, as concerns over a potential global trade war intensified ahead of new U.S. tariffs on Chinese goods—totalling around 104%—set to take effect later today, a development closely watched by New Zealand, as China is its largest trading partner. Traders also took a cautious stance ahead of the upcoming March CPI and PPI data in the mainland later this week, as deflation risks persist. Helping limit further losses was optimism that the RBNZ may lower borrowing costs at its policy meeting later today. The central bank is expected to deliver a 25bps rate cut to 3.5%, with two more reductions anticipated later this year as inflation in the Pacific nation remains contained. Among the biggest laggards were Millennium & Copthorne Hotels (-4.4%), Fletcher Building (-3.3%), Skellerup Holdings (-2.2%), and Contact Energy (-1.3%).