Australia shares set to inch higher, NZ down 1%

Australia shares set to inch higher, NZ down 1%

Aug 19 (Reuters) - Australian shares were set to track a positive finish on Wall Street, with energy stocks likely buoyed by higher crude prices, although weaker iron ore prices could pile pressure on local miners.

The local share price index futures YAPcm1 rose 0.33%, a 69.8-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended 0.2% lower to snap a three-day rally on Thursday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 1.1% to 11,690.99 points by 2232 GMT, with Fisher & Paykel Healthcare FPH.NZ dragging with an almost 8% slump.


Reporting by Savyata Mishra in Bengaluru; editing by Diane Craft