New Zealand shares ended lower on Thursday while most Asian shares saw losses after a sell-off in Wednesday's Wall Street trading session.
The S&P/NZX 50 Index fell 0.28% or 39.12 points to close at 13,958.06.
On Wednesday, the Nasdaq Composite lost 0.8%, the S&P 500 fell 0.2% while the Dow Jones managed to add 0.5%.
A proposed deal brokered by Oman to end the five-month conflict between Iran and the United States would hand Tehran authority over vessels entering the Gulf through the Strait of Hormuz, in what would represent one of the most significant concessions yet made to Iran, Reuters reported on Thursday, citing a senior Iranian source and two regional officials.
In corporate news, New Zealand King Salmon Investments (ASX:NZK, NZE:NZK) upgraded its fiscal 2026 earnings guidance, increasing its pro forma earnings before interest, taxes, depreciation, and amortization forecast to NZ$30 million to NZ$34 million from NZ$23 million to NZ$29 million.
Promisia Healthcare (NZE:PHL) agreed to conditionally acquire the two companies that own and operate Christchurch's Chatswood Retirement Village in a NZ$25 million deal, subject to shareholder, regulatory and New Zealand Exchange approvals.