New Zealand shares rose on Monday tracking after the US disclosed temporary exclusions to tech companies from tariffs.

The S&P/NZX 50 Index rose 0.7% or 88.41 points to close at 12,107.54.

"We view the dizzying weekend tariff news as a step forward net positive for Apple as well as other tech names as it gives some flexibility and allows for China negotiations to hopefully take place in the coming months," Wedbush Securities analyst Dan Ives said, as quoted by Reuters.

Trump said on Sunday the electronics products excluded from his reciprocal tariffs "are only moving to a different Tariff 'bucket," and would be evaluated together with semiconductors in a national security trade investigation into the sector.

In the local economy, The national median rent for all types of dwellings in New Zealand was unchanged at NZ$600 a week in February compared with the year-ago period, data from Tenancy Services showed on April 8.

Also, New Zealand's services sector contracted at a slower pace in March as the BusinessNZ Performance of Services Index was at 49.1, compared with 49 in February. A reading below 50 points to a decline.

Meanwhile, New Zealand's electronic card spending fell 1.5% month on month to NZ$9.08 billion in March, following a 0.1% decline in February, data from StatsNZ showed Monday.

In corporate news, Manawa Energy (NZE:MNW) said that its production volumes for the fourth quarter of the fiscal year came in at 302 gigawatt-hours, 5% lower than the year-earlier quarter and 16% lower than expected normalized volumes.

Westpac(ASX:WBC, NZE:WBC) and ANZ bank(ASX:ANZ, NZE:ANZ) said that a depositors compensation scheme will take effect from July, to protect up to NZ$100,000 of each customer's money.