新西兰股市周五上涨1.5%，收于12770点，追随美联储再次降息导致的华尔街隔夜涨幅。美联储周四将政策利率下调25个基点，至4.50%-4.75%，这是今年第二次下调，理由是劳动力市场降温的迹象。与此同时，投资者密切关注中国全国人民代表大会的最后一天，预计当局将宣布更多财政刺激措施来支持经济。NZX 50指数涨幅广泛，权重股斐雪派克（3.4%）、Meridian Energy（1.4%）、Ebos Group（3.5%）、Mainfreight（2.5%）和Spark NZ（2.9%）领涨。另一方面，Manawa Energy股价下跌1.85%，此前该公司报告称，截至9月30日的六个月每股亏损0.016新西兰元，低于去年同期每股收益0.174新西兰元。该指数本周上涨1.7%，结束了连续三周的下跌。

New Zealand shares rose 1.5% to close at 12,770 on Friday, tracking Wall Street’s overnight gains as the Federal Reserve cut interest rates again. The Fed lowered its policy rate by 25bps to the range of 4.50%-4.75% on Thursday, the second reduction this year, citing signs of a cooling labor market. Meanwhile, investors kept a close watch on the final day of China’s National People’s Congress, where authorities are expected to announce more fiscal stimulus measures to support the economy. Gains in NZX 50 were broad-based, led by heavyweights Fisher & Paykel (3.4%), Meridian Energy (1.4%), Ebos Group (3.5%), Mainfreight (2.5%), and Spark NZ (2.9%). On the other hand, Manawa Energy shed 1.85% after reporting a loss of NZ$0.016 per share for the six months ending September 30, down from earnings of NZ$0.174 per share in the same period last year. The index jumped 1.7% over the week, snapping three consecutive weeks of losses.

周五，新西兰元兑美元汇率跌至0.60美元，从上一交易日创下的两周高点回落，此前美联储决定将利率下调25个百分点。与此同时，投资者正在密切关注中国预期刺激措施的进一步细节，鉴于中国是新西兰最大的贸易伙伴，这些措施可能会为新西兰人提供支持。在国内方面，最新数据显示，新西兰第三季度失业率上升幅度低于预期，就业人数下降幅度为2022年以来最大，巩固了新西兰储备银行本月晚些时候再次降息50个基点的预期。尽管如此，在唐纳德·特朗普在美国总统选举中获胜引发的本周疯狂上涨之后，新西兰元仍有望每周上涨。

The New Zealand dollar weakened toward $0.60 on Friday, retreating from a two-week high reached in the previous session, following the US Federal Reserve’s decision to lower interest rate by a quarter percentage point. Meanwhile, investors are closely watching for further details on China’s anticipated stimulus measures, which could provide support to the Kiwi, given China is New Zealand’s largest trading partner. On the domestic front, latest data showed New Zealand’s jobless rate rose less than expected in the third quarter and employment dropped by most since 2022, solidifying expectations for another 50-basis-point rate cut by the Reserve Bank of New Zealand later this month. Still, the New Zealand dollar is on track for a weekly gain after a wild ride this week, sparked by Donald Trump’s victory in the U.S. presidential election.

周五早盘，新西兰股市上涨92点，涨幅0.7%，至12673点，扭转了前一交易日的跌势，此前华尔街在当选总统唐纳德·特朗普获胜后于周四延续涨势。与此同时，美联储在9月份降息50个基点后，将利率下调了25个基点，与预期一致。本周，新西兰元50指数将迎来四年来的首次上涨，迄今为止已上涨近1%，这得益于中国立法会议今天结束时对潜在刺激措施的希望。根据最新数据，新西兰最大贸易伙伴中国10月份的出口增长幅度为两年多来最大，而进口下降幅度超过预期。然而，对大陆即将公布的消费者和生产者价格数据的警惕性降低了进一步的进展。通信、医疗保健和消费服务领涨，纳皮尔港等单一股票强劲上涨。（2.7%）、天空网络电视台（2.2%）、桑福德奥德公司（1.9%）和Scales公司（1.8%）。

The stock market in New Zealand climbed 92 points or 0.7% to 12,673 in early trade on Friday, reversing losses from the prior session after Wall Street extended a rally Thursday following President-elect Donald Trump’s victory. Meanwhile, the US Fed cut interest rates by 25bps after a 50bps reduction in September, aligning with expectations. For the week, the NZX 50 is heading for the first gain in four, jumping nearly 1% so far, boosted by hopes for potential stimulus as China's legislative session concludes today. On fresh data, exports from China, New Zealand's largest trading partner, rose the most in over two years in October, while imports fell more than estimated. However, vigilance about the upcoming consumer and producer price data on the mainland reduced further advances. Communications, healthcare, and consumer services led the gains, with strong rises from single stocks such as Napier Port Hlds. (2.7%), Sky Network TV (2.2%), Sanford Ord. (1.9%), and Scales Corp. (1.8%).

新西兰基准标准普尔/NZX 50指数周四下跌0.5%，收于12581点，普遍疲软。唐纳德·特朗普在美国总统选举中大获全胜后，该指数未能追踪到华尔街选举后的强劲反弹。投资者现在正在等待美联储今天晚些时候的政策决定，预计将降息25个基点。在主要贸易伙伴中国，出口激增，进口下降，突显出北京需要采取额外的刺激措施来提振国内需求。在企业方面，澳大利亚竞争监管机构批准其在澳大利亚证券交易所上市的竞争对手Sigma进行合并后，制药供应商Ebos股价下跌2.6%。Infratil（-2.8%）、Aukland Intl Airport（-1.7%）和A2 Milk（-3.1%）等重量级公司也出现了显著亏损。

New Zealand's benchmark S&P/NZX 50 index fell 0.5% to close at 12,581 on Thursday, amid broad-based weakness. The index failed to track a strong post-election rally on Wall Street after Donald Trump surged to victory in the American presidential election. Investors are now awaiting the Federal Reserve's policy decision later today, where it is expected to cut rates by 25 basis points. In key trading partner China, exports surged while imports declined, underscoring the need for additional stimulus measures from Beijing to boost domestic demand. On the corporate front, pharmaceutical supplier Ebos shed 2.6% after Australia's competition regulator cleared its ASX-listed rival, Sigma, to proceed with a merger. Notable losses were also seen from heavyweight firms such as Infratil (-2.8%), Aukland Intl Airport (-1.7%), and A2 Milk (-3.1%).