January 16, 2018 / 9:09 PM / 6 months ago

Australia shares set to slide on soft commodity prices; NZ climbs

    Jan 17 (Reuters) - Australian shares are set to slide for a
second straight session on Wednesday, with material and energy
stocks leading the losses on a drop in base metal and oil
prices. 
    Base metals slipped on Tuesday with copper and nickel
hitting multi-week lows as a steadier dollar weighed, while oil
fell as Brent crude oil shed some of its recent gains.        
     
    The local share price index futures          fell 0.5
percent, or 31 points, to 5961, an 87.6-point discount to the
underlying S&P/ASX 200 index         close. The benchmark closed
down 0.5 percent on Tuesday. 
    New Zealand's benchmark S&P/NZX 50 index         rose 0.3
percent in early trade.

    

 (Reporting by Christina Martin in Bengaluru; editing by John
Stonestreet)
  
 
 
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