New Zealand shares ended higher on Tuesday amid a broad-based rally in Asian shares as investors showed optimism after Iran and Israel halted attacks.
The S&P/NZX 50 Index rose 1.27%, or 165.84 points, to close at 13,204.08.
Iran and Israel said they had stopped attacks on each other following an appeal from US President Donald Trump. However, Tehran warned it will resume hostilities if Israel continues striking Hezbollah in Lebanon, according to a Monday Reuters report.
About eight flights were cancelled at Wellington Airport in New Zealand due to strong winds and massive waves hitting the capital city, multiple media outlets reported on Tuesday.
In domestic news, total actual filled jobs in New Zealand inched down to 2.26 million in the March quarter from 2.27 million in the December 2025 quarter, according to data published by Stats NZ.
Also, New Zealand spending on a per-person basis on Westpac-issued debit and credit cards fell 0.3% in May, adjusted for seasonal swings, with spending effectively tracking sideways since the start of the year, according to a Westpac report.
Further, New Zealand national average home values in May reached NZ$912,190, 0.3% higher in the three months to the end of May and 0.2% less than the same period in the previous year, according to the QV House Price Index.
Meanwhile, New Zealand business financial data industries reported sales of NZ$200 billion in the March quarter, up 5.3%, or NZ$10 billion, from the March 2025 quarter, according to figures released by Stats NZ.
In corporate news, Ryman Healthcare (ASX:RYM, NZE:RYM) launched an offer for up to NZ$100 million of six-year fixed-rate secured unsubordinated bonds maturing on June 22, 2032, with the potential to accept up to NZ$50 million in oversubscriptions.
Channel Infrastructure (ASX:CHI, NZE:CHI) completed a fast-tracked project at its Marsden Point Energy Precinct, making 93 million liters of diesel storage capacity available to the New Zealand Government.