Australia shares likely to open lower; NZ falls

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 13 (Reuters) - Australian shares were set to open lower on Monday, tracking a sharp selloff on Wall Street last week following the failure of a U.S. startup-focused bank and strong February employment data. The local share price index futures fell 0.5%, a 35.7-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 2.3% on Friday. New Zealand's benchmark S&P/NZX 50 index fell 1.1% in early trade.



(Reporting by Poonam Behura; Editing by Lisa Shumaker)


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