New Zealand shares rose 99 points, or 0.8%, to 13,194 in Wednesday morning trade, snapping a three-session slide as bargain hunters stepped in after local markets hit a two-week low. Gains were almost broad-based, led by consumer durables, transport, and healthcare. The upturn followed a global rout at the start of the week, sparked by surging oil prices and geopolitical tensions in the Middle East. In top trading partner China, both exports and imports exceeded forecasts in the first two months of 2026, with the trade surplus also topping expectations. Meanwhile, U.S. markets were flat on Tuesday as Wall Street waited for the next signal on when the war with Iran may end. Notable movers included Chorus Ltd. (2.0%), Freightways Group (1.8%), Gentrack Group (1.5%), and Scales Corp. (1.3%). Investors now await domestic data later this week, including New Zealand's Q4 manufacturing sales and January visitor arrivals.