The NZX 50 dropped 79 points, or 0.6%, to 13,311 in morning trade on Friday, halting gains from the previous two sessions. The decline tracked a fall on Wall Street overnight amid concerns over persistent US-China trade tensions and the ongoing US government shutdown. For the week, the index is heading for a 1.2% decline, marking the second consecutive weekly loss. Traders also anticipated the release of Q3 domestic inflation data next week, which could guide the central bank’s monetary policy decision in the upcoming meeting. Caution was also built ahead of the release of a slew of economic indicators from New Zealand’s top trading partner, China, which are set to be released next Monday. These include GDP, industrial production, and retail sales. Almost all sectors traded in the red, led by technology, consumer staples, financials, and industrials. Among the biggest laggards were Fisher & Paykel (-1.3%), Ebos Group (-0.9%), Westpac Banking Corp. (-0.8%), and ANZ Group (-0.7%).