New Zealand stocks fell 91 points, or 0.7%, to close at 13,882 on Monday, erasing the previous session’s gains and retreating from their highest level since August 5, reached on Friday. The decline tracked weaker US stock futures as traders sought to recover from the previous week’s losses, which followed a surge in Treasury yields. Communication services fell 2.7%, while financials, technology and consumer staples also weighed on the broader index. Chorus plunged 5.3% despite reporting a surge in net profit. New Zealand retail sales fell for the first time since the third quarter of 2024, adding to pressure on sentiment. Traders continued to prepare for company earnings due this week, while investors were also watching upcoming US PCE price data and speeches by FOMC officials at the Jackson Hole Symposium. Other major decliners included Mainfreight, EBOS Group, Hallenstein Glasson, Infratil, Freightways Group and A2 Milk.