Markets
Australia shares set to open lower as US bond yields climb
- New Zealand's benchmark S&P/NZX 50 index rose 0.2% in early trade.
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Australian shares were set to open lower on Friday after US Treasury yields rose to 14-month highs overnight and as weak commodity prices will likely weigh on resource stocks.
The local share price index futures fell 0.6%, a 76.9-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 0.7% on Thursday.
New Zealand's benchmark S&P/NZX 50 index rose 0.2% in early trade.