Australia shares set to open flat, NZ falls

Sept 28 (Reuters) - Australian shares were expected to open largely unchanged on Monday as investors awaited the central bank's policy decision later in the week, with markets expecting a fourth rate hike of the year.

The local share price index futures was flat, at an 18-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark ended 0.4% lower on Friday.

Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.2% in early trade.