New Zealand shares were lower on Wednesday after energy stocks languished as a rally in oil prices lost steam after tension flared between Saudi Arabia and Iran.
The benchmark S&P/NZX 50 index fell 0.8 per cent, or 61.95 points to 7,987.72, dragged down by consumer and technology stocks.
Dairy company a2 Milk Company Ltd fell for a fourth straight session, losing as much as 10.8 per cent after global dairy prices slumped to a seven-month low.