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Reuters
Reuters
Business

Australia shares set for subdued open, New Zealand inches down

FILE PHOTO: Prices for Rio Tinto shares are seen at the main board of the Australian Securities Exchange building in central Sydney, Australia, February 7, 2018. REUTERS/Daniel Munoz

(Reuters) - Australian shares are expected to inch down on Thursday, as uncertainty over a U.S.-China trade deal increased after Washington passed pro-democracy legislation in support of Hong Kong.

The Australian share price index futures <YAPcm1> fell 0.2% or 14 points, a 32.5-point discount to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark closed 1.3% higher on Wednesday.

New Zealand's benchmark S&P/NZX 50 index <.NZ50> fell 0.1%, or 14.98 points, to 11,163.66 in early trade.

(Reporting by Devika Syamnath in Bengaluru; Editing by Sandra Maler)

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