August 21, 2018 / 10:11 PM / 8 months ago

Australia shares to extend losses; NZ flat

    Aug 22 (Reuters) - Australian shares are set to extend
declines on Wednesday as iron ore prices slipped and brewing
uncertainties in Australia's political sphere will do little to
whet investor appetite.
    Prime Minister Malcolm Turnbull survived a leadership
challenge on Tuesday, but the narrow margin of his win did
little to dampen speculation about his future.             
    The local share price index futures          fell 0.3
percent, a 44.4-point discount to the underlying S&P/ASX 200
index         close. The benchmark fell 1 percent on Tuesday.
    New Zealand's benchmark S&P/NZX 50 index         was largely
flat in early trade.

 (Reporting by Nikhil Kurian Nainan in Bengaluru
Editing by James Dalgleish)
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