The S&P/NZX 50 index rose 0.3% to close at 13,378 on Tuesday, extending gains from the previous session, with Scott Technology leading the market higher. The smart automation and robotics solutions firm jumped nearly 12%, reaching its highest level in over a year and a half after reporting upbeat earnings, with EBITDA for fiscal 2025 up 19% year-on-year. Other notable gainers included Being AI Limited (+10%) and energy stocks Meridian Energy (+1.9%) and Contact Energy (+1.6%). Sentiment also improved amid signs of easing US–China trade tensions, with officials set to meet this week ahead of President Trump’s upcoming talks with President Xi. Additionally, a White House economic adviser suggested that the US government shutdown could be resolved this week. On the data front, New Zealand recorded its third straight monthly trade deficit in September, with the gap widening to its largest in the period as imports outpaced exports.