Shares snap six-day gain; A2 falls

The S&P/NZX 50 Index decreased 16.06 points, or 0.1 percent, to 11,202.93. Within the index, 20 stocks fell, 25 rose, and five were unchanged. Turnover was $107.7 million.

New Zealand's benchmark is still up about 27 percent so far this year, lagging China's CSI 300's 32 percent gain. China's Shanghai Stock Exchange Composite Index is the third-best performer in the year to date, up 21 percent, according to Refinitiv data.

"We're in a bit of a lull just after earnings season, but the NZX50's gone through 11,000 - it's only natural to expect it to pause for breath at some point," said Greg Smith, head of research at Fat Prophets.

Smith said the lingering trade dispute between US and China continues to be a cause of concern for investors. The prospect of upcoming negotiations was welcomed by investors, but Smith noted that may be a false dawn given White House economic adviser Larry Kudlow said the conflict could take years to resolve.