Company News

Australia shares set to follow Wall Street lower, NZ inches up

    Sept 30 (Reuters) - Australian shares are set to fall on
Wednesday, tracking a selloff on Wall Street, with an overnight
drop in oil prices also likely to put pressure on the benchmark.
    Wall Street snapped a three-day winning streak on Tuesday,
as investors took money off the table hours before the first
U.S. presidential debate, while oil prices dropped over 3% over
demand concerns.         
    The local share price index futures          fell 0.9%, a
73.1-point discount to the underlying S&P/ASX 200 index        
close. The benchmark closed little changed on Tuesday. 
    New Zealand's benchmark S&P/NZX 50 index         rose 0.1%
in early trade. 

 (Reporting by Arundhati Dutta in Bengaluru; editing by Richard