Australian shares set to open lower, NZ slips
Aug 13 (Reuters) - Australian shares are poised to open
lower on Tuesday, tracking a broad sell-off on Wall Street, but
losses will likely be curbed by gains among gold stocks on
strong demand for safe-haven assets.
Trade-related worries heightened after Goldman Sachs Group
warned on Sunday that its economists see increased
recessionary fears due to the trade war, and that a trade deal
looked unlikely before the 2020 U.S. presidential election.
The local share price index futures fell 0.8% to
6,480, a 110.3-point discount to the underlying S&P/ASX 200
index close. The benchmark closed 0.1% higher on Monday.
New Zealand's benchmark S&P/NZX 50 index fell 0.4%
to 10,826.81 in early trade.
(Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Lisa
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