Australian shares are poised to open higher on Friday, recovering from sharp losses in the previous session, as Wall Street rebounded on easing worries of a fallout from hedge funds selling long positions to cover shorts.
The local share price index futures rose 1.0%, a 9.3-point premium to the underlying S&P/ASX 200 index close.
The benchmark lost nearly 2% on Thursday, posting its worst session since September-end.
New Zealand's benchmark S&P/NZX 50 index rose 1.1% in early trade.
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