New Zealand shares were flat on Tuesday while most Asian indexes traded higher as investors widely anticipate a Fed rate cut in September, leading to record highs on Wall Street.

The S&P/NZX 50 Index was little changed to close at 13,253.73.

The Nasdaq Composite rose 0.45% to close at an all-time high of 21,798.70 points, helped by the shares of Nvidia, Amazon, Broadcom, and Microsoft.

Meanwhile, France's parliament toppled the government on Monday over its proposals to rein in the surging national debt, intensifying a political crisis that is straining the euro zone's second-largest economy, Reuters reported.

In domestic news, New Zealand's national residential property values fell 0.8% in the three months to August, according to the latest QV House Price Index.

Also, New Zealand industries' sales rose 2.1% year on year to NZ$196 billion in the June quarter, according to a report from Stats NZ.

Further, the seasonally adjusted number of filled jobs across New Zealand industries fell 0.5% quarter on quarter to 2.3 million in the June quarter, following a 0.2% decrease in the March quarter, data from Stats NZ showed.

Meanwhile, BNZ has lowered its estimate for New Zealand's second quarter gross domestic product to -0.5% from -0.2% after factoring in Tuesday's mass of manufacturing, wholesale trade, and services data.

In corporate news, New Zealand King Salmon Investments (ASX:NZK, NZE:NZK) finalized the NZ$8.1 million unconditional purchase of a commercial site at Cloudy Bay Business Park in Blenheim, following a successful due diligence process.

Oceania Healthcare (ASX:OCA, NZE:OCA) said Chief Legal Officer Claire Fisher resigned, effective immediately.