The April “tariff tantrum” saw global markets sell off sharply as fears of renewed protectionism took hold. The result was a striking disconnect between nervous sentiment and resilient fundamentals, which ultimately pushed the market higher. Diversification had its moment – againAnother important lesson from 2025 was the value of diversification. However, the experts got it wrong – and after more than a decade of dominance, the US lost its grip on global market leadership. A potential turning point for New ZealandFor Kiwi investors, 2026 could mark the early stages of a recovery.

Source: New Zealand Herald December 25, 2025 03:31 UTC