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Reuters
Reuters
Business

Australia shares set to open little changed; NZ up

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 on Tuesday are expected to open flat as investors are likely to remain on the sidelines awaiting further cues on a trade spat between the United States and China.

Local mining stocks are expected be buoyed by robust iron ore prices.

The local share price index futures was marginally down 0.03% or 2 points to 6,461, a 9.1-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 0.1% on Monday.

In New Zealand, the benchmark S&P/NZX 50 index rose 0.2% at 2207 GMT.

(Reporting by Shanima A in Bengaluru; Editing by Howard Goller)

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