Australia shares set to open higher, NZ climbs
Australian shares are poised to open higher on Monday, as investors look to shrug off worries about renewed rate hikes on the back of soaring inflation while improved underlying prices are expected to aid domestic commodity stocks.
The local share price index futures YAPcm1 rose 1.6%, a 5.7 point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark rose 0.8% higher on Friday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.6% to 10874.79 points by 2224 GMT.
Reporting by Roushni Nair in Bengaluru
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