新西兰基准标准普尔/NZX 50指数周五收于12225点，下跌0.9%，本周下跌0.5%，原因是美国总统唐纳德·特朗普激进而深远的新关税措施加剧了人们对全球经济放缓的担忧。与此同时，投资者期待着新西兰储备银行下周的政策会议，预计将降息25个基点。在企业方面，市场领导者斐雪派克股价下跌1.8%，此前该公司表示，美国新的关税将增加26财年的成本。一直致力于扩大美国婴儿配方奶粉销售的a2牛奶公司股价下跌0.9%。旅游控股公司也下跌4.6%，此前该公司警告称，消费者对在其经营的美国度假的信心减弱。

New Zealand's benchmark S&P/NZX 50 index closed 0.9% lower at 12,225 on Friday and recorded a 0.5% loss for the week, as U.S. President Donald Trump's aggressive and far-reaching new tariff measures heightened worries of a global economic slowdown. Meanwhile, investors look forward to the Reserve Bank of New Zealand’s policy meeting next week, where it is expected to cut rates by 25bps. On the corporate front, market leader Fisher & Paykel lost 1.8% a day after the company said that new U.S. tariffs would increase costs in FY26. The a2 Milk Company, which has been working to expand its infant formula sales in the U.S., fell 0.9%. Tourism Holdings also shed 4.6% after warning of weaker consumer sentiment toward vacationing in the U.S., where it operates.

周五，新西兰元在上一交易日触及四个月高点后跌至0.572美元左右，这是由于唐纳德·特朗普总统全面征收关税引发了对经济衰退的担忧，导致美元整体疲软。投资者的注意力现在转向美国非农就业报告和美联储主席杰罗姆·鲍威尔今天晚些时候的讲话，以了解美国经济的健康状况和利率的轨迹。在国内，由于新西兰储备银行预计将在下周的会议上降息25个基点，该货币面临压力。大多数经济学家还预计，5月份将再降息25个基点，第三季度将第三次降息，这将使利率在9月底达到3.00%。尽管周五有所下跌，但新西兰元仍有望实现三周来的首次周涨幅。

The New Zealand dollar weakened to around $0.572 on Friday after touching a four-month high in the previous session, which was driven by broader U.S. dollar weakness as President Donald Trump sweeping tariffs raised fears of an economic slump. Investor focus now turns to the U.S. non-farm payrolls report and Fed Chair Jerome Powell's speech later today for insights into the health of the U.S. economy and the trajectory of interest rates. Domestically, the currency faces pressure as the Reserve Bank of New Zealand is expected to deliver a 25bps rate cut at its meeting next week. Most economists also anticipate another 25bps reduction in May and a third cut in Q3, which would bring the rate to 3.00% by the end of September. Despite Friday’s decline, the New Zealand dollar remains on track for its first weekly gain in three weeks.

新西兰股市下跌154点，跌幅1.3%，至12185点，周五早盘触及近两周低点，停止了前一交易日的涨幅。由于担心一些制造业公司受到的影响最大，美国关税对市场情绪造成压力，大多数行业都出现了亏损，其中消费品板块领跌，下跌3.0%。新西兰对美国的商品出口将面临10%的关税。去年，美国是新西兰的第二大出口目的地，贸易额在过去十年中几乎翻了一番，达到90亿美元。由于担心特朗普的关税可能引发全球报复，并可能对经济增长造成压力，新西兰元50指数隔夜暴跌。其中，A2 Milk（-3.8%）、澳新银行集团（-2.3%）、西太平洋银行（-1.9%）、Ebos集团（-1.2%）和斐雪派克（-1.1%）的表现最为落后。由于对潜在全球贸易战的担忧，该指数在上周上涨后，本周将下跌0.8%。

New Zealand's equities slumped by 154 points, or 1.3%, to 12,185, touching their nearly two-week low in morning trade on Friday, halting gains from the prior session. Most sectors traded in the red, led by consumer staples, which slumped 3.0%, as U.S. tariffs pressured sentiment amid worries that some manufacturing companies were most affected. Exports of goods from New Zealand will face a 10% tariff to the U.S. Last year, the U.S. was New Zealand's second-largest export destination, with trade nearly doubling over the past decade to USD 9 billion. The NZX 50 tracked a plunge on Wall Street overnight amid fears that Trump's tariffs could trigger global retaliation and potentially pressure economic growth. Among the biggest laggards were A2 Milk (-3.8%), ANZ Group (-2.3%), Westpac Banking Corp. (-1.9%), Ebos Group (-1.2%), and Fisher & Paykel (-1.1%). For the week, the index is heading for a 0.8% fall after gaining in the prior week amid concerns over a potential global trade war.

新西兰储备银行将于4月9日下调现金利率，预示着进一步宽松。路透社调查的经济学家表示，新西兰储备银行将于4月9日降息25个基点。由于通胀预计将得到控制，他们坚持之前的利率前景。

RBNZ set to cut cash rate on April 9, flags further easing.The Reserve Bank of New Zealand will cut interest rates by 25 basis points on April 9, according to economists polled by Reuters, who have held to their previous rate outlook as inflation is expected to remain under control.