May 29 (Reuters) - Australian shares are set to open lower on Wednesday, tracking overnight declines in global peers stoked by fears of an extended trade war between world's two largest economies.
U.S. President Donald Trump said on Monday that Washington was not ready to make a deal with China, but that he expected one in the future, feeding concerns about further uncertainties in U.S.-China trade. MKTS/GLOB
The local share price index futures YAPcm1 fell 0.7% or 43 points to 6,441, a 43.8-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark added 0.5% on Tuesday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.3% in early trade.