周五，新西兰基准标准普尔/新西兰证交所50指数下跌0.8%，收于12553点，结束了连续三天的上涨势头，中东紧张局势加剧打压了投资者情绪。以色列对伊朗的核设施进行了空袭，引发了人们对更广泛的地区冲突的担忧，并抑制了全球市场的风险偏好。与此同时，投资者密切关注美中之间的贸易讨论，此前两国同意了一个框架，使协议的前景保持在正轨上，但细节尚未确定。在国内新闻方面，新西兰的制造业活动在连续四个月增长后，于5月重新陷入收缩，受到需求疲软、成本上升和全球经济不确定性导致的商业信心下降的拖累。损失范围广泛，Mainfreight（-2.6%）、Mercury NZ（-1.1%）、a2 Milk（-11.1%）、Spark NZ（-150%）和Fletcher Building（-2.4%）的跌幅明显。本周，NZX 50小幅下跌0.1%。

New Zealand's benchmark S&P/NZX 50 index fell 0.8% to close at 12,553 on Friday, snapping a three-day winning streak as escalating tensions in the Middle East weighed on investor sentiment. Israel conducted airstrikes targeting Iran’s nuclear sites, raising fears of a broader regional conflict and dampening risk appetite across global markets. Meanwhile, investors monitored trade discussions between the US and China, after both countries agreed to a framework that kept the prospects of a deal on track, but details were yet to be determined. In domestic news, New Zealand’s manufacturing activity slipped back into contraction in May after four straight months of growth, weighed down by weak demand, rising costs, and waning business confidence amid global economic uncertainties. Losses were broad-based, with notable declines seen from Mainfreight (-2.6%), Mercury NZ (-1.1%), a2 Milk (-1.1%), Spark NZ (-1.5%), and Fletcher Building (-2.4%). For the week, the NZX 50 edged down 0.1%.

周五，新西兰元跌至0.602美元左右，扭转了前一交易日的涨幅，因为中东紧张局势加剧扰乱了全球市场，导致了广泛的风险规避方法。以色列对伊朗的核计划和军事目标发动空袭，标志着两国对峙的重大升级，并引发了人们对该地区更广泛冲突的担忧。令人失望的国内经济数据进一步拖累了人民币。新西兰的制造业活动在连续四个月增长后，于5月再次陷入收缩，受到需求疲软、成本上升和全球经济不确定性导致的商业信心下降的拖累。尽管周五有所下跌，但新西兰元仍有望连续第二周上涨。

The New Zealand dollar dropped to around $0.602 on Friday, reversing gains from the previous session, as rising tensions in the Middle East rattled global markets, leading to a widespread risk-off approach. Israel launched airstrikes against Iran’s nuclear program and military targets, marking a major escalation in the standoff between the two countries and raised fears of a broader conflict in the region. Further weighing on the currency was disappointing domestic economic data. New Zealand’s manufacturing activity slipped back into contraction in May after four straight months of growth, weighed down by weak demand, rising costs, and waning business confidence amid global economic uncertainties. Despite Friday’s decline, the Kiwi remains on track for its second straight weekly gain.

新西兰BNZ制造业跌至47.5，再次陷入收缩。新西兰制造业在5月份大幅回落，商业新西兰制造业表现指数从53.3暴跌至47.5。这一读数不仅标志着与4月份扩张的决定性逆转，而且远低于52.5的历史平均水平。

NZ BNZ manufacturing fall to 47.5, slumps back into contraction.New Zealand's manufacturing sector slipped sharply back into contraction in May, with the BusinessNZ Performance of Manufacturing Index plunging from 53.3 to 47.5. The reading not only marks a decisive reversal from April's expansion but also sits well below the historical average of 52.5.

新西兰元50在周五早盘交易中几乎没有变化，在连续三个交易日上涨后徘徊在12646左右。医疗保健和加工行业的强势几乎被非能源矿产和工业服务的疲软所抵消。交易员消化了当地数据，数据显示，受需求下降、订单疲软、商业信心低和成本高的影响，新西兰4月份工厂活动四个月来首次收缩。在个股中，Infratil上涨1.7%，Ryman Healthcare上涨1.4%，而工业地产和弗莱彻大厦分别下跌1.6%和1.2%。尽管如此，该基准指数仍有望连续第二周上涨，迄今为止上涨约0.7%，这得益于美中贸易紧张局势的缓解，尽管唐纳德·特朗普总统再次威胁要单方面征收关税。投资者现在等待下周新西兰的关键经济数据，包括5月食品通胀、第一季度国内生产总值和经常账户余额。

The NZX 50 was little changed in Friday morning trade, hovering around 12,646 after three consecutive sessions of gains. Strength in healthcare and process industries was almost offset by weakness in non-energy minerals and industrial services. Traders digested local data showing New Zealand's factory activity contracted in April for the first time in four months, weighed by falling demand, weak orders, low business confidence, and high costs. Among individual stocks, Infratil rose 1.7% and Ryman Healthcare added 1.4%, while Property for Industry and Fletcher Building fell 1.6% and 1.2%, respectively. Still, the benchmark remained on track for a second straight weekly gain, up roughly 0.7% so far, supported by easing U.S.-China trade tensions—despite fresh threats of unilateral tariffs from President Donald Trump. Investors now await key economic data in New Zealand next week, including May food inflation, first-quarter GDP, and the current account balance.