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Australia shares poised to dip at the open on U.S.-China worries

Published 12/02/2021, 08:28 am
Updated 12/02/2021, 08:30 am
© Reuters.
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Feb 12 (Reuters) - Australian shares were set to slip on Friday, with energy stocks likely to decline, as Wall Street edged lower overnight after U.S. President Joe Biden's comments on China stoked worries over relations between the two nations.

U.S. stocks slid in the last session after Biden warned that China was poised to "eat our lunch," and said the United States must raise its game in the face of the challenge from China. local share price index futures YAPcm1 slipped 0.03, a 73.1-point premium/discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark shed 0.1% on Thursday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.3 by 2122 GMT.

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