New Zealand shares rose on Tuesday as did most shares on Wall Street overnight, with markets all eyes on Chinese financial leads' remarks at an event in Hong Kong.

The S&P/NZX 50 Index was up 0.4%, or 51.67 points, to close at 12,816.32.

In Asia, Shanghai's SSE lost 0.4%, Japan's Nikkei 225 gained 0.8%, and Hong Kong's Hang Seng was up 0.3%.

Overnight, the S&P 500 rose 0.4% and the tech-heavy Nasdaq Composite gained 0.6%. The Dow Jones Industrial Average was relatively flat with a negative bias.

Markets are keeping their eyes on an ongoing financial summit in Hong Kong to look for cues from China's top economic officials.

In domestic news, the Reserve Bank of New Zealand's policy trajectory is back in the headlines ahead of its meeting next week. Analysts at ANZ Research expect policymakers to slash the official cash rate by 50 basis points to 4.25% when they meet on Nov. 27.

Elsewhere, the mean household expectations for one-year ahead annual inflation in New Zealand was unchanged at 4.1% in the December quarter, Stats NZ data showed. Inflation expectations for the next two years increased to 3.7% from 3.1%, while the five-year ahead outlook stayed at 3.4%.

In corporate news, Meridian Energy (NZE:MEL, ASX:MEZ) said its retail sales volumes fell 0.6% year on year in October, with declines across all segments except for large business. The energy company ended Tuesday trade up nearly 2%.

Napier Port Holdings (NZE:NPH) climbed nearly 5% after it reported fiscal 2024 earnings of NZ$0.0012 per share, an increase from NZ$0.0008 in the year-earlier period.