New Zealand's benchmark S&P/NZX 50 index dropped 0.7% to close at 12,729 on Friday, extending losses for the third consecutive day to mark its lowest level since July 23, after President Donald Trump announced steeper tariffs against dozens of countries. New Zealand was specifically hit with a 15% base tariff rate, up from the 10% announced in April, raising concerns about the outlook for the country’s export-driven economy. In domestic news, consumer confidence in New Zealand dropped in July, amid expectations of rising inflation. Meanwhile, investors now await the US non-farm payrolls data later in the day for more clues on the Federal Reserve's rate path. Health technology stocks led the decline, with heavyweights Fisher & Paykel and Ebos Group shedding 2.2% and 2.25%, respectively. Construction materials maker Fletcher Building also lost 1.3%. Real estate stocks were also among the underperformers. For the week, the NZX 50 fell 1%, recording its second straight weekly loss.