May 25 (Reuters - Australian shares are poised to decline on Friday, mirroring weakness on Wall Street, which closed lower after U.S. President Donald Trump called off a planned summit with North Korea's Kim Jong Un.
Australian energy stocks will likely take a hit as oil prices fell on worries that the Organization of the Petroleum Exporting Countries may wind down output cuts in place since the start of 2017. O/R
The local share price index futures YAPcm1 fell 0.45 percent or 27 points to 6,016, a 21.1-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark gained 0.1 percent on Thursday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose slightly to 0.04 percent at 2205 GMT