KM Financial Solutions | Australian shares to open lower as investors seek safety; NZ lower

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Australian shares to open lower as investors seek safety; NZ lower

14 Aug Australian shares to open lower as investors seek safety; NZ lower

Posted at 22:46h in News by KMFSLLP 0 Comments

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Australian shares are set to drop at the
open on Thursday as escalating global trade tensions and
tumbling commodity and oil prices turn investors risk-averse.
The local share price index futures fell 0.8
percent, or 53 points, an 88-point discount to the underlying
S&P/ASX 200 index close. The benchmark rose half a
percent on Wednesday.
New Zealand’s benchmark S&P/NZX 50 index fell 0.2
percent in early trade.

(Reporting by Nikhil Kurian