New Zealand shares remained muted on Tuesday, while Asian shares ignored gains on Wall Street amid continued tensions between the US and China.
The S&P/NZX 50 Index was flat at 13,042.06.
Process industries stocks were the biggest gainers, while utilities led equities that declined.
In Asia, shares from mainland China and Hong Kong were down amid persisting geopolitical tensions. The Shanghai SSE fell 0.3% after US President-elect Donald Trump denied a report on softer tariff plans.
Hong Kong's Hang Seng plunged nearly 2%, with Tencent Holdings tumbling almost 8% on its inclusion into a US list of firms that are allegedly helping the Chinese military.
Japan's Nikkei 225 gained 2.4% as the yen slumped.
On Wall Street, the Nasdaq Composite rose 1.2% and the S&P 500 gained 0.6%. The Dow Jones Industrial Average was muted.
In corporate news, Summerset Group Holdings (NZE:SUM, ASX:SNZ) logged 361 sales for the quarter ended Dec. 31, bringing its full-year tally to an all-time high of 1,238 total settlements. The retirement village operator's shares were marginally lower.
Henderson Far East Income (NZE:HFL) is set to allot 100,000 shares at 2.30 pounds sterling apiece on Jan. 8, each fully paid under its block listing facility. The company's shares edged off at market close.
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