Sunday, July 3, 2016

Australia shares saddled with political uncertainty, NZ edges up

SYDNEY, July 4 (Reuters) - Australian shares could be

hindered by political uncertainty on Monday after a national

election proved inconclusive, leaving Prime Minister Malcolm

Turnbull scrambling to gain enough support to remain in power.

The local share price index futures was still up

0.6 percent at 5,235, an 11-point discount to the underlying

S&P/ASX 200 index close. The benchmark had risen for a

third straight session on Friday to end the week 2.6 percent

firmer.

New Zealand's benc

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