The NZX 50 fell 57 points or 0.4% to 13,441 in early Tuesday trade, reversing prior gains following a sharp drop on Wall Street Monday amid mounting caution ahead of Nvidia’s earnings. Traders also vigilantly eyed New Zealand’s October trade data due later this week, following soft import figures in September. Meanwhile, food inflation in the country accelerated from September’s five-month low, while Q3 annual inflation hit a five-quarter high, adding to macro jitters. In top trading partner China, monthly loan prime rate fixings in the mainland will be held later this week, after activity data in October pointed to weakness in industrial output and retail sales. Sector-wise, non-energy minerals, energy minerals, and utilities led declines, though gains in process industries, consumer durables, and industrial services helped limit losses. Notable laggards included Gentrack Group (-2.5%), Freightways (-2.0%), Briscoe Group (-1.5%), and Channel Infrastructure (-1.2%).