The NZX 50 dropped 44 points, or 0.3%, to 13,674 in morning trade on Monday, erasing gains from the previous session, mainly weighed down by declines in the healthcare, industrials, consumer staples, and tech sectors. Traders anticipated the release of Q4 domestic inflation data later this week, with the market expecting the figure to stand at 3%, unchanged from the previous quarter and remaining the highest since the second quarter of 2024. However, investors are also awaiting the release of a slew of economic data from China, New Zealand's top trading partner, including GDP, retail sales, and industrial production, due later today. Uncertain geopolitical conditions, including Federal Reserve policy uncertainty, continued to pressure market sentiment. Among individual stocks, Summerset Group fell 1.2%, A2 Milk slid 0.8%, Fisher & Paykel dropped 0.7%, ANZ Group declined 0.5%, while Auckland International Airport and Ebos Group each fell 0.4%.