New Zealand stocks fell 28 points, or 0.2%, to 13,350 in Wednesday morning trade, ending a two-day winning streak amid weakness in financials, tech services, and logistics. Sentiment turned cautious as Wall Street’s S&P 500 struggled for direction Tuesday ahead of key U.S. inflation data due later this week, while Fed officials entered a blackout period before next week’s FOMC meeting. Domestically, Q3 annual inflation returned to the top of the RBNZ’s 1% to 3% target band, with core inflation still above 2%. Losses were partially offset by news that Wellington will relax climate-reporting rules and raise thresholds for mandatory disclosures, aiming to boost capital markets. These changes will be introduced via the Financial Markets Conduct Amendment Bill. In top trading partner China, weak Q3 GDP data fueled hopes of new stimulus measure before the December Politburo meeting. Leading decliners included Infratil (-2.3%), Delegat Group (-2.0%), Scott Tech (-1.9%), and Vector (-1.4%).