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Australia shares set to fall on Sino-U.S. trade jitters; NZ down

Published 07/12/2018, 08:18 am
Updated 07/12/2018, 08:20 am
© Reuters.  Australia shares set to fall on Sino-U.S. trade jitters; NZ down
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Dec 7 (Reuters) - Australian shares were poised to slip lower on Friday in line with global stocks, after the arrest of a top Chinese technology executive further strained Sino-U.S. trade relations and stoked worries over global trade outlook.

Miners will likely underpin losses on the benchmark, as weakness in iron-ore and copper prices lent added pressure, with benchmark copper CMCU3 hitting a three-week low on Thursday. MET/L

The local share price index futures YAPcm1 fell 0.1 percent or 5 points, a 5.7-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark edged 0.2 percent lower on Thursday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 declined 0.2 percent to 8,741.49 in early trade.

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