off-the-wire

Australian shares expected to fall at open, NZ down

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 21 (Reuters) - Australian shares were expected open lower on Friday, tracking a Wall Street fall over fears of a possible recession while a dip in commodity prices is expected to drag on mining and energy stocks.


The local share price index futures fell 0.5%, a 23.2-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 0.05% on Thursday.


New Zealand's benchmark S&P/NZX 50 index fell 0.2% to 11,854.6 points in early trade.



(Reporting by Rishav Chatterjee in Bengaluru; Editing by Chris Reese)


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