MELBOURNE, May 16 (Reuters) - Australian shares are set to open lower on Monday, with resources set to come under pressure after data showed China's economic activity grew more slowly than expected in April.
Local share price index futures YAPcm1 fell 0.3 percent to 5,316.0 early Saturday after Wall Street finished weaker, pointing to a lower opening even before the disappointing Chinese data landed. The benchmark fell 0.6 percent on Friday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.3 percent to 6,895.17 in early trade, hauled down by a 4.8 percent fall in Sky City SKC.NZ in the first trading since it announced a NZ$263 million ($178 million) sale of new shares to pay down debt.
New Zealand dairy co-operative Fonterra FCG.NZ FSF.NZ rose 0.5 percent after it confirmed it would make an early dividend payment next month despite its milk collection for the last season having dropped 3 percent due to low global prices. a summary of action across global markets, double click on AU/CALL
For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB ($1 = 1.4786 New Zealand dollars)