NZX 50 Extends Losses, Ends at 4-Week Low - TradingView

The NZX 50 shed 102 points, or 0.7%, to close at 13,652 on Monday, extending losses from the previous session and touching its lowest level since September 16. The index tracked a decline on Wall Street on Friday amid a continued tech sell-off. Traders were cautious ahead of the release of Q3 inflation data due this week, which could guide the RBNZ's interest rate decision. Fresh data also pressured sentiment, as New Zealand's trade deficit widened sharply in September, with imports rising more than exports. However, private sector figures for September capped the fall, as private sector growth hit a three-month high. Strong Chinese data and easing expectations of Fed rate hikes also helped limit the decline.