The New Zealand sharemarket reached a new all-time high on Tuesday, buoyed by a resurgence in artificial intelligence equities and a rebound in commodity prices.
The S&P/NZX 50 index closed at its record level, reflecting broad-based investor confidence that extended beyond the technology sector.
ai (Zhipu) shares, which closed at HK$1,219 after reporting the completion of a 1-gigawatt data center.
The rally was anchored by strong performance in AI-linked stocks, mirroring gains seen in global markets.
This follows a surge in US equities, where the Dow Jones Industrial Average also hit record highs on Monday, driven by renewed appetite for technology shares.
The momentum in the AI theme was further underscored by a 37% jump in Hong Kong-listed Z.ai (Zhipu) shares, which closed at HK$1,219 after reporting the completion of a 1-gigawatt data center.
In the rural sector, global dairy prices provided additional support, rising 1.5% at the latest auction.