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Australia shares set to open lower as political uncertainty, falling commodity prices loom
Australian shares are likely to open lower on Wednesday, tracking a dismal Wall Street session as a push for the impeachment of U.S. President Donald Trump heightens political risks, while falling iron ore and oil prices are set to hurt index heavyweights.
Sydney: Australian shares are likely to open lower on Wednesday, tracking a dismal Wall Street session as a push for the impeachment of U.S. President Donald Trump heightens political risks, while falling iron ore and oil prices are set to hurt index heavyweights.
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The local share price index futures fell 1.1%, a 85.9-point discount to the underlying S&P/ASX 200 index close. The benchmark closed flat on Tuesday.
New Zealand's benchmark S&P/NZX 50 index fell 0.1% in early trade. (Reuters)