New Zealand shares slipped 37 points, or 0.3%, to 13,252 on Monday morning, extending losses for a second session amid weakness in logistics, commercial services, and communications. Traders responded to fresh data showing New Zealand’s annual inflation rose to 3% in Q3 2025, the highest in five quarters, driven by higher electricity tariffs. Investors also continued to take a cautious stance ahead of key Chinese data later in the day, including Q3 GDP and September readings on industrial output and retail sales, given China’s role as New Zealand’s top trading partner. Investors also eyed a four-day meeting of the ruling elite in Beijing, where discussions on the next five-year plan are expected. Losses were partly limited by a modest uptick in U.S. futures, supported by optimism that recent U.S. banking sector stress will remain contained. Major decliners included Third Age Health Services (-5.2%), Winton Land Ltd. (-4.6%), Vista Group Intl. (-2.2%), and Meridian Energy Ltd. (-1.6%).