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Company News

Australia shares set to drag U.S. counterparts lower, NZ up

    Aug 20 (Reuters) - Australian shares were set to drop on
Thursday, after Wall Street tumbled overnight on Federal Reserve
concerns that the pandemic-hit U.S. economy faces a tough road
to recovery.
    The local share price index futures          fell 0.25%, a
65.6-point discount to the underlying S&P/ASX 200 index        
close. The benchmark rose 0.7% to a more than five-month high on
Wednesday.
    New Zealand's benchmark S&P/NZX 50 index         rose 0.08%
by 2223 GMT.

 (Reporting by Deepali Saxena; Editing by Sandra Maler)
  
 
 
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