October 23, 2018 / 9:11 PM / 10 months ago

Australia shares to open little changed; NZ drops

    Oct 24 - Australian shares are set to open little changed on
Wednesday after U.S. stocks fell overnight on earnings outlook
worries before investors snapped up beaten-down shares in late
    The local share price index futures          was flat, a
28-point discount to the underlying S&P/ASX 200 index        
close. The benchmark closed 1.1 percent down on Tuesday.
    Energy stocks are likely to be under pressure as oil prices
plunged about 5 percent to two-month lows on worries about
demand growth and after Saudi Arabia said it could supply more
crude quickly if needed.             
    New Zealand's benchmark S&P/NZX 50 index         fell 0.2
percent in early trade.

 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Dan Grebler)
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