October 28, 2018 / 9:21 PM / 10 months ago

Australian shares set to open lower; NZ falls

    Oct 29 (Reuters) - Australian shares were set to open lower
on Monday, tracking a slump in global equity markets at the end
of last week over disappointing U.S. corporate profits and trade
    Australia's stock index futures          was down 0.3
percent, a 21.2-point discount to the underlying S&P/ASX 200
index         close. The benchmark closed up 0.02 percent on
Friday but fell 4.6 percent for the week as a whole.
    Stock markets around the world tumbled on Friday after
investors dumped technology and other growth sectors in the
United States.             
    New Zealand's benchmark S&P/NZX 50 index         fell 0.2
percent in early trade on Monday.

 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Susan Fenton)
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