July 3, 2018 / 10:20 PM / 4 months ago

Australia shares to fall on material stocks, NZ down

    July 4 (Reuters) - Australian shares are expected to open
lower on Wednesday following a slide on Wall Street overnight,
with material stocks set to extend losses on weak commodity
prices.
    Iron ore prices           in key market China eased 0.4
percent on Tuesday to 463 yuan.           
    The Australian local share price index futures          fell
0.42 percent or 26 points, to 6,143, a 67.2-point discount to
the underlying S&P/ASX 200 index         close. The benchmark
rose 0.5 percent on Tuesday.
    New Zealand's benchmark S&P/NZX 50 index         was down
nearly 0.3 percent at 2213 GMT.

 (Reporting by Mensholong Lepcha
Editing by James Dalgleish)
  
 
 
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