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Australia shares poised to open lower; NZ gains

Published 21/03/2017, 08:20 am
© Reuters.  Australia shares poised to open lower; NZ gains
AXJO
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March 21 (Reuters) - Australian shares are set to open lower on Tuesday, following U.S. stocks, which fell on worries that President Donald Trump's plan to cut taxes will take longer than expected.

The local share price index futures YAPcm1 fell 0.2 percent at 5,755, a 23.9-point discount to the underlying S&P/ASX 200 index .AXJO close.

The benchmark closed 0.4 percent lower on Monday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.3 percent, or 17.30 points, at 7,074.35 by 2108 GMT.

For a summary of overnight action across global markets, double click on AU/CALL

For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB

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