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Australia shares seen edging down at open; NZ down

Published 28/06/2017, 08:17 am
Updated 28/06/2017, 08:20 am
© Reuters.  Australia shares seen edging down at open; NZ down

© Reuters. Australia shares seen edging down at open; NZ down

June 28 - Australian shares are expected to open slightly lower on Wednesday, tracking a decline in Wall Street, though miners and energy stocks are likely to rise on the back of strong commodity prices.

Wall Street fell on Tuesday after a vote on healthcare legislation was delayed in the U.S. Senate. .N

Oil prices rose nearly 2 percent to hit a one-week high, boosted by a weaker dollar, and Chinese iron ore prices surged 6 percent to one-month highs. O/R IRONORE/

The local share price index futures YAPcm1 fell 0.2 percent or 12 points to 5,642, a 72.2-point discount to the underlying S&P/ASX 200 index .AXJO close.

The benchmark closed down 0.1 percent in the previous session.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.2 percent in early trade.

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