(Reuters) - Australian shares are poised to open lower on Wednesday, tracking losses on Wall Street after U.S. President Donald Trump warned Beijing against waiting out his first term to finalise any trade deal.
"The problem with them waiting ... is that if & when I win, the deal that they get will be much tougher than what we are negotiating now... or no deal at all," Trump said in a post on Twitter, adding pressure to the ongoing U.S.-China trade negotiations in Shanghai.
The local share price index futures <YAPcm1> fell 0.4%, or 28 points, at 2200 GMT, a 1.3% discount to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark ended 0.3% higher on Tuesday, after touching an all-time high earlier in the session.
New Zealand's benchmark S&P/NZX 50 index <.NZ50> rose 0.1% to 10,885.060 in early trade.
(Reporting by Rashmi Ashok in Bengaluru; Editing by Leslie Adler)
