New Zealand stocks jumped 129 points, or 1%, to 12,830 in Wednesday morning trade, snapping a four-session losing streak amid bargain hunting after markets closed at a near eight-month low the day before. Sentiment was also boosted by a jump in U.S. equity futures following reports that the U.S., via intermediary Pakistan, had sent Iran a 15-point plan to end the conflict in the Middle East, now in its fourth week. However, the upside was capped by a warning from central bank governor Anna Breman, who said that interest rates could rise if oil-driven inflation persists amid geopolitical risks. Healthcare, transport, and consumer non-durables led the strength, with notable movers including Fisher & Paykel Healthcare (3.5%), Auckland Intl. Airport (1.1%), Summerset Group (1.0%), and Genesis Energy (0.9%). Traders now await the March business and consumer confidence in New Zealand, which will be released later this week.