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Australian shares are set to open flat on Thursday as investors are likely to remain on the sidelines after a mixed Wall Street session overnight, while local miners are expected to rise after a jump in iron ore prices.

The local share price index futures were largely unchanged, with a 0.6-point premium to the underlying S&P/ASX 200 index close.

The benchmark fell 0.2% on Wednesday.

New Zealand's benchmark S&P/NZX 50 index rose 0.2% to 12,791.63 by 2122 GMT.

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