New Zealand shares rose on Monday as they tracked gains from a positive Friday Wall Street trading session.
The S&P/NZX 50 Index gained 0.76% or 93.36 points to close at 12,421.25.
On Friday, the blue-chip Dow climbed 1.39%, while the Nasdaq Composite added 1.51%.
Investors remain hopeful of an easing trade war between the US and China, as China recently said that the US has initiated trade talks.
Meanwhile, recently announced 100% tariffs on films produced outside the US have triggered a response from Australian and New Zealand governments, as they said they would advocate for their film industries.
On the domestic front, Barfoot & Thompson's home sales in Auckland reached 842 properties in April, or roughly NZ$935.2 million, down nearly 31% from 1,213 properties sold in the prior month, the real estate agency reported Monday.
In corporate news, Smartpay Holdings (ASX:SMP, NZE:SPY) signed an exclusivity agreement granting an unnamed buyer due diligence access until June 9.
Chorus (ASX:CNU, NZE:CNU) is eyeing a NZ$170 million offer of unsecured, subordinated capital notes, with the potential launch slated for the week starting May 19.
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