Australia shares set to open higher as China tariff exemptions lift mood

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Australian shares are likely to open
higher on Thursday, tracking Wall Street, after China’s decision
to exempt some U.S. goods from tariffs boosted market sentiment.
China exempted some U.S. anti-cancer drugs and other goods
from its tariffs ahead of trade talks slated for early October.

The local share price index futures rose 0.39%, a
25-point premium to the underlying S&P/ASX 200 index
close. The benchmark rose 0.4% on Wednesday.