Australia shares set to slide, NZ rises

21 Jan, 2022

Australian shares are expected to fall at open on Friday, pressured by a likely drop in the shares of mining giant Rio Tinto

as Serbia revokes the company's lithium exploration licences, while weak cues from Wall Street will further sour sentiment.

The local share price index futures were down over 0.91%, a 163.4-point discount to the underlying S&P/ASX 200 index close.

Australian shares end high

New Zealand's benchmark S&P/NZX 50 index snapped a two-day fall to open 0.15% higher at 12,515.82.

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