Figure caption, New Zealand election 'too close to call' - so who's won?

By Olivia Ireland and Tiffanie Turnbull Reporting from Wellington

There was no clear winner following New Zealand's election on Saturday, as the leaders of its two major parties preparing for negotiations to form a coalition government.

Prime Minister Christopher Luxon's centre-right National Party won 42 seats but was 19 short of the simple majority needed to form a government, despite being the largest party, preliminary results show.

Combined with their coalition partners ACT and New Zealand First, they would have a slim lead over the left-leaning bloc if a deal could be reached.

But opposition leader Chris Hipkins, whose Labour Party won 36 seats, showed no signs of conceding, saying the "shape of the next government" will remain uncertain "for a while".

The tight result followed a campaign shaped by the cost of living and unemployment.

Projections show the National Party on 42 seats and Labour on 36.…