Australian shares set to open cautiously amid China counter-threat, NZ down
Aug 5 (Reuters) - Australian shares are expected to open
little changed on Monday, as rising trade frictions keep
investors at bay ahead of expected Chinese retaliation against a
new round of U.S. tariffs.
On Friday, China's new U.N. ambassador said that China would
take "countermeasures" to protect its rights after U.S.
President Donald Trump threatened to slap a 10% tariff on $300
billion of Chinese imports.
The local share price index futures was little
changed at 6,708, a 60.6 -point discount to the underlying
S&P/ASX 200 index close. The benchmark fell 0.3% on
New Zealand's benchmark S&P/NZX 50 index fell 0.2%
to 10,840.72 in early trade.
(Reporting by Syed Saif Hussain Naqvi in Bengaluru; Editing by
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