Australian shares to plunge tracking Wall Street; NZ lower

By Kitco News / February 08, 2018 / www.kitco.com / Article Link

Feb 9 (Reuters) - Australian shares are expected to open substantially weaker on Friday, tracking a tumble on Wall Street as investors remained on edge amid several volatile sessions.

Major indexes in the United States fell about 2 percent in late afternoon trading. The local share price index futures plunged 119 points to 5,694, a 196.7-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.2 percent on Thursday.

New Zealand's benchmark S&P/NZX 50 index fell 1 percent in early trade, making it on track to end lower for all the days it traded in the week.


(Reporting by Ambar Warrick in Bengaluru)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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