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New Zealand Shares Fall Slightly; Contact Energy Accepts Responsibility for December 2025 Under-Frequency Event
['Mt Newswires', 'Tue August At Am Gmt', 'Min Read']
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MT Newswires -ShutterstockNew Zealand shares ended slightly lower on Tuesday, as most Asian stocks fell following a sell-off on Wall Street and ongoing difficulties in US-Iran peace negotiations.
The S&P/NZX 50 Index fell 0.2% or 27.6 points to close at 13,860.66.
In domestic news, per-person spending on Westpac-issued credit and debit cards in New Zealand rose 2% in July after mostly trending sideways earlier in the year, the bank said.
Also, the New Zealand Light Traffic index rose 1.3% in July, remaining broadly in line with its level a year earlier, according to data from ANZ Research.
In corporate news, Contact Energy (NZE:CEN, ASX:CEN) accepted a draft determination from New Zealand's Electricity Authority that it was responsible for an under-frequency event that occurred in December 2025, the regulator said.