New Zealand Shares Snap 2-Day Gain

New Zealand's benchmark S&P/NZX 50 index fell 0.17% to close at 12,535 on Tuesday, snapping a two-day winning streak, as weakness in logistics and consumer-related stocks weighed on the market.

Mainfreight and Freightways dropped 1.4% and 1.3%, respectively.

Additionally, SkyCity Entertainment lost 2.7% and KMD was down 1.8%.

However, financial stocks helped limit the overall decline, with ANZ Group rising 4%, Westpac gaining 1.6%, and Heartland Group adding 1.8%.

On the economic data front, New Zealand’s export and import prices rebounded more than expected in the second quarter.

Meanwhile, global investors are keeping a close eye on the upcoming US labour report later this week, as its outcome could influence the Federal Reserve's monetary policy stance.