On Tuesday morning, New Zealand's stock market experienced a decline, with shares dropping by 55 points, or 0.4%, to reach 12,215. This marks the fourth consecutive session of downturn, as market participants exercised caution in anticipation of new U.S. tariffs scheduled to be implemented this week. Concerns heightened following President Trump's indication of expanded tariffs, which include a 25% levy on all vehicles not manufactured in the U.S., set to commence on April 2. Additionally, traders were focused on the forthcoming private survey data on Chinese factory activity, expected later today, after Monday's official figures aligned with forecasts, showing growth in mainland China's manufacturing sector. The NZX 50 index suffered due to declines in the utilities, technology, consumer discretionary, and industrial sectors. Meanwhile, the financial sector remained static following an announcement by New Zealand's central bank on Monday regarding its planned review of bank capital requirements this year. Notable early laggards in the market included AFT Pharmaceuticals (-2.6%), Manawa Energy (-2.6%), Contact Energy (-2.3%), ANZ Group (-2.0%), Meridian Energy (-1.6%), and Auckland International Airport (-1.3%).