Australia shares set to open flat, New Zealand down
Sept 20 (Reuters) - Australian shares are poised for a
steady open on Thursday, as gains in the material stocks buoyed
by firm metals prices are expected to offset declines in the
Prices for Chinese construction steel rebar rose on
Wednesday after the Chinese government said it would boost
spending on infrastructure, while copper jumped to its highest
in three weeks.
The local share price index futures fell marginally
by 0.1 percent or 4 points to 6,185, a 5-point discount to the
underlying S&P/ASX 200 index close. The benchmark gained
0.5 percent on Wednesday.
New Zealand's benchmark S&P/NZX 50 index fell 0.11
percent at 2206 GMT.
(Reporting by Shanima A in Bengaluru
Editing by Chris Reese)
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