Sept 1 (Reuters) - Australian shares are likely to slip at the open on Tuesday ahead of a central bank cash rate decision, with rising diplomatic tensions with Beijing and a likely recession in the second quarter hurting sentiment.
The local share price index futures YAPcm1 fell 0.96%, a 88.5-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 0.2% on Monday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was up 0.3% in early trade.