October 13, 2016 / 9:17 PM / 9 months ago

Australia shares set for sluggish start; NZ inches lower

1 Min Read

Oct 14 (Reuters) - Australian shares are set for a cautious
start on Friday, after Wall Street dipped on dismal Chinese
trade data that revived concerns about the world's
second-largest economy.
    Stocks on Wall Street slipped after data that showed Chinese
imports in dollar terms contracted and exports dropped by a
sharper-than-expected 10 percent. 
    The local share price index futures inched up 0.2
percent to 5,426, a 9.5-point discount to the underlying S&P/ASX
200 index close. The benchmark ended down 0.71 percent
at 5435.5 on Thursday, its lowest closing since Sept 28.
    New Zealand's benchmark S&P/NZX 50 index edged down
0.06 percent or 4.2 points, to 7,115.83 in early trade.
    
For a summary of overnight action across global markets, double
click on 
       
For a digest of the day's business stories in Australian 
newspapers, double click on 

 (Reporting by Justin George Varghese in Bengaluru; Editing by
Cynthia Osterman)

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