Australian shares set to open sharply lower; NZ down
July 19 (Reuters) -Australian shares are set to open sharply lower on Friday, with heavyweight mining stocks likely to come under pressure due to weak copper prices, while stronger-than-expected local jobs data fuelled worries around a possible interest rate hike by the central bank.
The local share price index futures YAPcm1 fell 1.1%, a 106.5-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended 0.3% lower on Thursday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 inched 0.4% lower in early trade.
Reporting by Roshan Thomas in Bengaluru; Editing by Leslie Adler
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