New Zealand shares closed lower on Monday while the US and Iran progressed their negotiations in Switzerland.
The S&P/NZX 50 Index fell 0.37%, 49.58 points, to close at 13,446.05.
The first round of talks between senior US and Iranian officials in Switzerland concluded on Monday, said mediating countries Qatar and Pakistan, according to a Monday Reuters report.
In domestic news, credit card spending in New Zealand increased by 1.8% month on month to NZ$4.38 billion in May after a 0.2% decrease in the previous month, while credit card balances rose 0.7% to NZ$5.99 billion in May, data from the Reserve Bank of New Zealand showed.
In corporate news, a2 Milk Co. (ASX:A2M, NZE:ATM) received approval from China's State Administration for Market Regulation to transfer two China-label infant milk formula registrations tied to its Pokeno facility to its a2 brand.
Oceania Healthcare (ASX:OCA, NZE:OCA) launched an offer of up to NZ$100 million in six-year fixed-rate secured, unsubordinated bonds, with the option to accept up to NZ$25 million in oversubscriptions.