Australian shares were set to tumble on Friday, tracking U.S and global equity markets lower, as tech-related stocks were under pressure following a rise in U.S bond yields and with weaker bullion prices likely to weigh on domestic gold miners.
The local share price index futures fell 1.4%, a 138-point discount to the underlying S&P/ASX 200 index close.
The benchmark closed 0.9% higher on Thursday.
New Zealand's benchmark S&P/NZX 50 index fell 0.4% in early trade.
Comments
Comments are closed.