February 4, 2018 / 9:44 PM / 8 months ago

Australia shares set to slip; NZ down

    Feb 5 (Reuters) - Australian shares are expected to open the
week lower, tracking a substantially weaker finish from Wall
Street on Friday as fears of a tightening bond market in the
U.S. as well as rising bond yields had investors rapidly exiting
equities.
    Wall Street's three major indexes logged their biggest
weekly losses in two years on Friday. The S&P 500 and Dow saw
their worst weeks since early January 2016 while Nasdaq had its
worst week since early Feb 2016.    
    The local share price index futures          fell 1.1
percent or 65 points to 6,006, a 115.4-point discount to the
underlying S&P/ASX 200 index         close. The benchmark rose
0.5 percent on Friday.
    New Zealand's benchmark S&P/NZX 50 index         slipped 1.5
percent in early trade.
    
       

 (Reporting by Chandini Monnappa in Bengaluru; Editing by Kevin
Liffey)
  
 
 
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