News: New Zealand shares hit record high, Australia shares seen flat

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    SYDNEY, July 15 (Reuters) - New Zealand shares touched a record high in early trade on Friday, while Australian shares are seen flat as a six-session rally begins to lose momentum.

    The local share price index futures YAPcm1 rose 6 points, or 0.1 percent to 5,389 points, a 22.6 point discount to the underlying S&P/ASX 200 index (xjo) close. The benchmark topped out at 5,416 points Thursday, the highest since May 27, before closing at 5,411.60, a gain of 0.4 percent.

    New Zealand's benchmark S&P/NZX 50 index (nz50) rose 10.73 points to 7091.06, edging above Wednesday's record high of 7,090.3.

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