Australian shares on Monday are expected to start September slightly lower as fresh tariffs from the protracted U.S.-China trade war go into effect.

A new round of tariffs were imposed by both sides on Sunday, but markets were hoping that trade talks later this month would yield some results. urn:newsml:reuters.com:*:nL3N25S01P

August was the worst month for Australian equities since October, and also marked the end of the corporate earnings season.

The local share price index futures YAPcm1 dipped 0.1%, a 38.2-point discount to the underlying S&P/ASX 200 index .AXJO .

New Zealand's benchmark S&P/NZX 50 index .NZ50 fell about 0.1% to 10,747.50 in early trade.

(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Daniel Wallis) ((NikhilKurian.Nainan@thomsonreuters.com; Twitter: @NikhilKurianN; +91 806 749 1637))