June 21, 2018 / 10:14 PM / in 5 months

Australian shares poised to fall on global sell-off; NZ steady

    June 22 (Reuters) - Australian shares are expected to fall
on Friday, tracking losses in stocks markets across the globe,
with investors flocking to safer assets as trade war worries
linger. 
    Wall Street fell overnight as industrials wobbled on trade
war concerns while online retailers weakened after a U.S.
Supreme Court ruling on state sales tax collection.
                 
    The local share price index futures          fell 0.5
percent, an 81.1-point discount to the underlying S&P/ASX 200
index         close. The benchmark climbed 1 percent on
Thursday. 
    New Zealand's benchmark S&P/NZX 50 index         was
marginally higher in early trade, after closing up a percent in
the previous session.

 (Reporting by Nikhil Kurian Nainan in Bengaluru
Editing by Leslie Adler)
  
 
 
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