New Zealand shares ended higher on Wednesday amid a broad-based rise in Asian shares despite a sell-off in Wall Street shares on Tuesday.

The S&P/NZX 50 rose 1.03% or 138.50 points to close at 13,622.72.

Overnight, the S&P 500 fell 0.5%, the Dow Jones lost 0.6%, and the Nasdaq Composite ended 0.8% lower.

"US equity markets closed lower overnight as rising Treasury yields, another jump in crude and the polarised debate around pacing AI development left the market ​in a cautious mood," said Tony Sycamore, market analyst at IG in Sydney, as quoted by Reuters.

In domestic news, New Zealand's Parliament passed legislation for a free trade agreement with India by a 93-29 vote, Trade and Investment Minister Todd McClay said in a statement.

Also, the Reserve Bank of New Zealand's (RBNZ) Assistant Governor for Money, Karen Silk, will step down in December after more than four years with the central bank, according to a statement.

Further, New Zealand recorded a seasonally adjusted current account deficit of NZ$3.8 billion in the June quarter, narrowing by NZ$666 million from the previous quarter, according to data released by Stats NZ.

Meanwhile, a total of 42,444 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 38,570 to 45,568 MT, according to data from the trading platform.

In corporate news, Seeka (NZE:SEK) raised its 2026 profit before tax guidance to between NZ$41 million and NZ$45 million from a previous range of NZ$39 million to NZ$43 million.

Infratil (ASX:IFT, NZE:IFT) increased its fiscal 2027 proportionate operational earnings before interest, tax, depreciation, amortization, and fair value adjustments (EBITDAF) guidance to between NZ$1.32 billion and NZ$1.42 billion from a prior range of NZ$1.3 billion to NZ$1.4 billion after CDC Data Centres' increase in its EBITDAF guidance.