The S&P/NZX 50 index closed 0.7% higher at 13,548 on Friday, marking its highest level in three weeks and notching a sixth straight monthly advance. Sentiment was lifted after US President Trump and Chinese President Xi agreed at Thursday’s summit to extend a tariff truce, ease export restrictions, and lower other trade barriers. Meanwhile, domestic investors looked ahead to next week’s labor market data for more clues on the Reserve Bank of New Zealand's next policy move. Most large-cap stocks ended in the green, led by Spark NZ (+1.7%), Fisher & Paykel (+1.8%), Auckland Intl Airport (+0.5%), Meridian Energy (+0.3%), and Infratil (+0.4%). Real estate stocks also added to the gains, including Precinct Properties (+0.4%), Kiwi Property (+0.9%), Argosy Property (+0.4%) and Property for Industry (+2.4%). For October, the NZX 50 rose 1.9%, underpinned by the RBNZ’s recent aggressive rate cut and improving risk appetite.