Australia shares set to open lower as political uncertainty, falling commodity prices loom

DN Bureau

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.

Representational image
Representational image

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.

Also Read: Australia PM joins Trump calling for China to drop 'developing economy' status

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) 

(Download the Dynamite News app from here. You can also follow us on Facebook and Twitter.)













Related Stories