Dec 1 (Reuters) - Australian shares are set to enter December in the red, likely slipping at the open on Tuesday as investors remain cautious ahead of the central bank policy meeting, with escalating tensions with China continuing to weigh on the sentiment.
The local share price index futures YAPcm1 was down about 0.2% ahead of Tuesday's start, a 0.2-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark declined 1.3% on Monday.
Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.2% on Tuesday in early trade.