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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