No clear victor has emerged in Saturday’s federal election in New Zealand which pushes the country to uncertain political territories – Dow Jones

New Zealand National Party, which has governed the country since 2008, received 46 percent of the votes, well ahead of rivals, however, its traditional partners in the minority government failed to gather the support required.

The National Party won 58 seats in 120 members' strong parliament, down 2 seats from the last election. The main opposition Labour Party had an excellent showing under the new leadership of Jacinda Arden won 35.8 percent of the votes or 45 seats, up 13 seats from the last election.

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