Australia shares set to open higher as China tariff exemptions lift mood

Reuters September 12, 2019

Australian shares are likely to open higher on Thursday, tracking Wall Street, after China’s decision to exempt some US goods from tariffs boosted market sentiment.

China exempted some US anti-cancer drugs and other goods from its tariffs ahead of trade talks slated for early October.

The local share price index futures rose 0.39pc, a 25-point premium to the underlying S&P/ASX 200 index close.

The benchmark rose 0.4pc on Wednesday.

New Zealand’s benchmark S&P/NZX 50 index was flat in early trade.

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