Australia shares set for subdued start after US tax vote; NZ down

SYDNEY: Australian shares are set to open lower on Wednesday, tracking stocks in the United States, which eased after the US House Of Representatives passed a long-awaited tax reform bill.

The plan, which includes steep tax cuts for businesses and temporary tax cuts for individuals, will now be sent to the Senate for approval .

The local share price index futures fell 12 points to 6064, a 7.8-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.5 percent to close near a 10-year high on Tuesday.

New Zealand's benchmark S&P/NZX 50 index fell 0.2 percent to 8383.02 by 2103 GMT.