02.09.202505:55:35UTC+00NZX 50 Gains for 4th Straight Session

New Zealand's S&P/NZX 50 index saw a positive movement, rising 0.5% to end at 13,133, marking a four-day streak of gains. The growth was fueled by robust performances in the transportation and non-energy minerals sectors. Key performers included Mainfreight, which increased by 2.3%, Port of Tauranga at 2.4%, Fletcher with a 2.6% rise, Santana at 2.1%, and AborGen rising by 2.4%. Additionally, the technology services sector played a significant role in the index's advance, driven by a 4% gain from Vista Group and a 3.6% increase from Serko. Concurrently, traders remained focused on the US tariff policy after a federal appeals court declared a majority of former President Trump’s global tariffs as unlawful. The market remained cautious as investors awaited upcoming US employment data, which could influence the Federal Reserve’s impending interest rate decision. Meanwhile, in New Zealand, there is growing attention on potential candidates for the next Reserve Bank of New Zealand governor, following Prime Minister Luxon's statement on Monday that an appointment is anticipated in the coming weeks.