off-the-wire

Australian shares likely to open lower, NZ falls

Kitco Media
By Reuters
Published:
Updated:
Reuters
March 20 (Reuters) - Australian shares were set to fall at open on Monday, in line with global markets as liquidity concerns in the banking sector sour risk appetite, while local tech stocks might drop on Wall Street's weaker close last week.


The local share price index futures fell 1.4%, a 73.8 point discount to the underlying S&P/ASX 200 index close. The benchmark finished 0.4% higher on Friday. New Zealand's benchmark S&P/NZX 50 index fell 0.4% to 11,673.50 in early trade.



(Reporting by Echha Jain in Bengaluru)


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