New Zealand's stocks fell 16 points, or 0.1%, to 12,714 in morning trade on Monday, marking the fourth straight session of losses, tracking a plunge on Wall Street on Friday, amid weak July jobs data and a new tariff policy announced by President Trump. The NZX 50 hit its lowest level since mid-July, mainly dragged down by tech, communication services, and financials. Traders continued to monitor the development of US tariffs, following New Zealand's top diplomat Vangelis Vitalis, who was flying to Washington in the wake of last week's announcement after the US imposed a 15% tariff—higher than the 10% tariff threatened in April. Trade Minister Todd McClay also plans to visit Washington in the coming days, as reported by local media. Caution was also built ahead of the release of trade data and CPI from China, which is due later this week amid continued weak demand on the mainland. Among early losers were Gentrack Group (-1.5%), Infratil (-0.7%), and ANZ Group (-0.6%).