Australian shares seen lower on rising trade tensions; NZ flat

Australian shares are expected to drop
on Monday, as reports that U.S. President Donald Trump’s
administration was mulling delisting Chinese companies from
local stock exchanges soured risk sentiment.
The move is part of a broader effort to curb U.S. investment
in Chinese companies, sources told Reuters on Friday, and it
threatened to further increase tensions in the damaging trade
spat between the two nations.
The local share price index futures