Australia shares set to open higher for the first time in five sessions

SYDNEY: Australian shares are poised to open higher for the first time in five sessions on Wednesday, rebounding from a near one-month low touched in the previous session.

The local share price index futures rose 0.7 percent to 5,026, a 22.5-point premium to the underlying S&P/ASX 200 index close. The benchmark index closed 1.6 percent lower on Tuesday.

New Zealand's benchmark S&P/NZX 50 index was little changed in early trade.