Australian shares set for weak open on mining stocks; NZ drops
Australian shares were likely to open
weaker on Wednesday with mining stocks set to track lower metal
prices, while caution loomed ahead of senior-level trade talks
between the United States and China.
The local share price index futures fell nearly 1%
or 64 points to 6,502.0, a 91.4-point discount to the underlying
S&P/ASX 200 index close, which rose about 0.5% on
Tuesday.
New Zealand’s benchmark S&P/NZX 50 index fell 0.4%
in early trade.
weaker on Wednesday with mining stocks set to track lower metal
prices, while caution loomed ahead of senior-level trade talks
between the United States and China.
The local share price index futures fell nearly 1%
or 64 points to 6,502.0, a 91.4-point discount to the underlying
S&P/ASX 200 index close, which rose about 0.5% on
Tuesday.
New Zealand’s benchmark S&P/NZX 50 index fell 0.4%
in early trade.
Posted by Reuters
