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Reuters
Reuters
Business

Australia shares set to open higher, New Zealand market open delayed

FILE PHOTO: A board displaying stock prices is seen at the Australian Securities Exchange (ASX) in Sydney, Australia, February 9, 2018. REUTERS/David Gray

(Reuters) - Australian shares are poised to open higher on Wednesday, with energy stocks likely to gain on the back of a rally in oil prices, while firmer copper and iron ore prices are expected to boost miners.

The local share price index futures <YAPcm1> rose 0.3% to 6,685 by 2107 GMT, a 12.1-point discount to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark ended 0.2% higher on Tuesday.

New Zealand bourse operator NZX Ltd <NZX.NZ> said the opening of markets will be delayed on Wednesday due to system issues. The impacted markets will include the main board, debt market, Fonterra Shareholders' market and derivatives market.

(Reporting by Shriya Ramakrishnan in Bengaluru; Editing by Chris Reese)

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