March 21 (Reuters) - Australian shares were expected to
open higher on Tuesday, tracking gains on Wall Street, as active
steps to rescue distressed banks eased fears of a banking crisis
and boosted sentiment.
The local share price index futures rose 0.7%, a
70.5-point premium to the underlying S&P/ASX 200 index close. The benchmark slumped 1.4% on Monday.
New Zealand's benchmark S&P/NZX 50 index fell 0.1%
to 11,548.27 in early trade.
(Reporting by Echha Jain in Bengaluru; Editing by Leslie Adler)
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