January 10, 2018 / 9:29 PM / 8 months ago

Australia shares to track U.S. stocks lower; NZ slips

    Jan 11 (Reuters) - Australian shares are expected to open
lower on Thursday, reflecting weak sentiment on Wall Street on
worries that China would slow U.S. government bond purchases.
    Wall Street's major stock indexes ended lower on Wednesday
after a choppy trading session as investors worried that China,
the world's biggest holder of U.S. Treasuries, would slow U.S.
government bond purchases.     
    Strength in commodity prices, however, is seen supporting
the Australian materials sector.                         
    The local share price index futures          fell 0.1
percent or seven points to 6,039, a 57.7-point discount to the
underlying S&P/ASX 200 index         close. The benchmark
dropped 0.6 percent in the previous session.
    New Zealand's benchmark S&P/NZX 50 index         slipped 0.3
percent in early trade, with losses seen across most sectors.
    
    
       

 (Reporting by Chris Thomas in Bengaluru, Editing by William
Maclean)
  
 
 
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