New Zealand shares were flat with a negative bias Monday as US President Donald Trump threatened further tariffs.
The S&P/NZX 50 Index was little changed at 12,876.35.
Industrial services were the biggest decliners, while non-energy minerals led stocks that advanced.
In Asia, Hong Kong's Hang Seng climbed 1.4%, the Shanghai SSE rose 0.3%, and Japan's Nikkei 225 was flat.
Trump said Sunday that a 25% tariff on steel and aluminum imports will take effect Monday. He also threatened further duties in the coming days in the event a country retaliates.
In domestic news, New Zealand's total new lending went up to NZ$13.8 billion in December 2024 from NZ$13.6 billion in the prior month, data from the Reserve Bank showed Monday.
In corporate news, the Environment Court has approved Meridian Energy's (NZE:MEL, ASX:MEZ) 120-megawatt Ruakaka solar farm in Northland following an appeal. The utility company's shares finished flat.
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