Australian shares set to bounce back on miner gains, NZ edges lower

April 12 (Reuters) - Australian shares were poised to open higher on Friday, as the resource-heavy market stands to benefit from higher Chinese iron ore prices on expectations of strong demand in top consumer China. The local share price index futures rose 0.3 percent, a 7.3-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 0.4 percent on Thursday. New Zealand's benchmark S&P/NZX 50 index inched down 0.1 percent or 10.13 points to 9,756.47 in early trade. (Reporting by Aby Jose Koilparambil in Bengaluru Editing by Chris Reese)

2019-04-12 00:14:18

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.