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Australia shares set to drag U.S. counterparts lower, NZ up

Published 20/08/2020, 08:26 am
© Reuters.
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NZ50
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Aug 20 (Reuters) - Australian shares were set to drop on Thursday, after Wall Street tumbled overnight on Federal Reserve concerns that the pandemic-hit U.S. economy faces a tough road to recovery.

The local share price index futures YAPcm1 fell 0.25%, a 65.6-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.7% to a more than five-month high on Wednesday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.08% by 2223 GMT.

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