The NZX 50 fell 76 points, or 0.6%, to 13,484 on Tuesday, extending its decline to a fourth consecutive session and reaching its lowest level since June 24. The index followed a weaker Wall Street session, where chipmakers sold off after AI companies called for an industry-wide slowdown. Traders remained cautious ahead of New Zealand’s second-quarter GDP release later this week, with quarterly growth expected to ease. Sentiment was also pressured by weaker-than-expected retail sales growth in China, New Zealand’s top trading partner, alongside continued declines in Chinese investment and house prices. Expectations of a Federal Reserve interest rate hike later this week and higher oil prices added to the pressure. Energy, materials and financial stocks were the main drags, with Summerset Group, Infratil, Channel Infrastructure, Chorus and Freightways Group among the notable decliners.