New Zealand’s benchmark S&P/NZX 50 index rose 0.2% to 13,235 on Tuesday, reversing losses from the previous session. Investors awaited GDP data expected to highlight the need for further stimulus, with the economy projected to slip back into contraction after two quarters of growth, lifting prospects of additional RBNZ easing. Meanwhile, signs of progress in US-China trade talks in Spain eased concerns over risks to New Zealand’s export-driven economy. On the data front, annual food inflation held steady at 5% in August, unchanged from July and marking the highest since November 2023. Among individual movers, energy stock Channel Infrastructure jumped more than 3%, supported by rising oil prices amid supply disruptions in Russia from continued Ukrainian strikes and mounting US pressure on Russian crude buyers. Health and industrial names also advanced, including Summerset (+2.4%), Ryman (+1.6%), and Ventia (+1.1%).