The NZX 50 fell 147 points, or 1.1%, to 13,684 on Tuesday, reversing the previous session’s gains and tracking an overnight decline on Wall Street. Rising Treasury yields, higher oil prices, inflation concerns and expectations of a Federal Reserve interest-rate hike weighed on sentiment. Nearly all sectors traded lower, led by energy, while the broader index reached its lowest level since September 16. RBNZ Governor Anna Breman recently warned that inflation could rise if elevated oil prices persist. Traders were awaiting New Zealand business confidence, China’s PMI, and US PCE Index and jobs data due this week for signals about the Federal Reserve’s next monetary-policy decision. Channel Infrastructure, Summerset Group, Meridian Energy and Freightways Group were among the biggest decliners. Hallenstein Glasson gained 5.7% after reporting a 49.9% increase in net profit for the year ended 1 August 2026.