The NZX 50 dropped 39 points or 0.3%, to 13,185 in early Monday trade, halting a two-day gain. The pullback mirrored Wall Street’s Friday losses, as investors braced for two key U.S. inflation prints due later this week. Sentiment was further weighed by anticipation of August trade data in China, New Zealand's largest trade partner, due later today. Markets price in a slowdown in both exports and imports amid rising trade barriers and tepid domestic demand.