August 19, 2019 / 10:14 PM / 4 months ago

Australia shares likely to open higher, NZ up

    Aug 20 (Reuters) - Australian shares are expected to extend
gains into a second session on Tuesday as hopes of fresh
stimulus measures by major economies to counter recession fears
are likely to attract investors to riskier assets.
    China's central bank unveiled a key interest rate reform on
Saturday to help steer borrowing costs lower for companies and
support a slowing economy that has been hurt by a trade war with
the United States.                 
    The local share price index futures          rose 0.2% to
6440, a 27.4-point discount to the underlying S&P/ASX 200 index
        close. The benchmark rose 1% on Monday.
    New Zealand's benchmark S&P/NZX 50 index         rose 0.3%
to 10,737.15 in early trade.

 (Reporting by Shreya Mariam Job in Bengaluru
Editing by Matthew Lewis)
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