Australian shares set to open cautiously amid China counter-threat, NZ down
Australian shares are expected to open
little changed on Monday, as rising trade frictions keep
investors at bay ahead of expected Chinese retaliation against a
new round of U.S. tariffs.
On Friday, China’s new U.N. ambassador said that China would
take “countermeasures” to protect its rights after U.S.
President Donald Trump threatened to slap a 10% tariff on $300
billion of Chinese imports.
The local share price index futures was little
chan
little changed on Monday, as rising trade frictions keep
investors at bay ahead of expected Chinese retaliation against a
new round of U.S. tariffs.
On Friday, China’s new U.N. ambassador said that China would
take “countermeasures” to protect its rights after U.S.
President Donald Trump threatened to slap a 10% tariff on $300
billion of Chinese imports.
The local share price index futures was little
chan
Posted by Reuters