MELBOURNE, May 10 (Reuters) - Australian shares are set to open lower on Tuesday, with worries about China's economy and a rising U.S. dollar weighing on iron ore, gold and oil prices, as well as mining and energy stocks.
Local share price index futures YAPcm1 fell 0.3 percent to 5,297.0, a 23.7-point discount to the underlying S&P/ASX 200 index .AXJO close, pointing to a weaker opening. The benchmark rose 0.5 percent on Monday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 inched up five points to 6,890.04 in early trade.
Explosives and fertiliser maker Incitec Pivot Ltd IPL.AX may fall after trimming its half-year dividend. Its rival Orica Ltd ORI.AX was the biggest loser on Monday after it slashed its outlook and dividend. For a summary of overnight action across global markets, click on
AU/CALL For a digest of the day's business stories in Australian newspapers, click on
PRESS/AUB
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