Sept 4 (Reuters) - Australian shares were likely to decline on Wednesday, in line with Wall Street, as weak U.S. economic data fueled global growth fears amid an unceasing trade war.
U.S. President Donald Trump on Tuesday warned he would be "tougher" on Beijing if trade talks extended beyond the 2020 U.S. presidential election and he is re-elected, compounding market fears that the dispute could trigger a U.S. recession. .N
The local share price index futures YAPcm1 fell 0.6% to 6,515.0, a 58.4-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark inched down 0.1% on Tuesday.
New Zealand's S&P/NZX 50 index .NZ50 dropped 0.5% to 10,899.34 in early trade. The benchmark had closed at an all-time high in the previous session.