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Australia shares poised to rise; NZ up

Published 25/05/2020, 08:41 am
Updated 25/05/2020, 08:42 am
© Reuters.

May 25 (Reuters) - Australian shares are set to open higher on Monday with stronger iron ore prices likely to boost miners, while the focus will remain on Sino-U.S. relations over the new security law proposed for Hong Kong.

White House national security adviser Robert O'Brien said on Sunday that the proposed national security legislation for Hong Kong could lead to U.S. sanctions and threaten the city's status as a financial hub. local share price index futures YAPcm1 rose 1.2%, a 23.6-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 1% on Friday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.5% in early trade.

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