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Australia shares set to open lower on renewed U.S.-China worries; NZ down

Published 08/02/2019, 08:23 am
Updated 08/02/2019, 08:30 am
© Reuters.  Australia shares set to open lower on renewed U.S.-China worries; NZ down
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Feb 8 (Reuters) - Australian shares are poised to open lower on Friday, with global risk sentiment taking a beating as signs emerged that the United States and China may not meet the March 1 deadline for a trade deal, intensifying worries about global economic growth.

U.S. President Donald Trump said he did not plan to meet with Chinese President Xi Jinping before the deadline set by the two countries to achieve a trade deal, driving Wall Street lower. local share price index futures YAPcm1 fell 42 points or 0.7 percent at 2103 GMT, an 88.5-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 1.1 percent on Thursday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.2 percent or 22.12 points to 9,111.39 in early trade.

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