New Zealand stocks fell 150 points, or 1.1%, to 13,793 at Tuesday’s close, extending losses for a second consecutive session. Materials, technology, energy and utility shares led the decline as rising oil prices amid the escalating Middle East conflict revived inflation concerns and increased bets that central banks would raise interest rates. Investors also remained cautious ahead of China’s consumer price index (CPI) and producer price index (PPI) data due Wednesday, while China’s August export growth remained robust despite persistently weak domestic demand. A Moody’s report limited the decline, saying New Zealand’s economic recovery is underway but warning that several issues remain unresolved. Gentrack Group fell 5.1%, Mercury NZ dropped 2.5%, ANZ Group lost 2.4%, and Mainfreight and Fletcher Building each declined 2.3%.