Australian shares were set to open lower on Monday, weighed down by losses in iron ore miners due to weaker iron ore prices, while gains in gold and oil stocks, underpinned by firm commodity prices, were expected to temper some losses.
The local share price index futures (YAPcm1) fell 0.4%, trading at a 50.4-point discount to the underlying S&P/ASX 200 index ASX:XJO. The benchmark closed 1.4% higher on Friday, marking its strongest session since June 12.
New Zealand's benchmark S&P/NZX 50 index NZX:NZ50G rose 0.3% in early trading.