Australian shares are set to open lower on Tuesday, a day after many states in the country reported record numbers of COVID-19 daily cases and as the number of people hospitalised rose, hurting investor sentiment at the start of the new year.
The local share price index futures dropped 1.2%, a 95.6-point discount to the underlying S&P/ASX 200 index close. The benchmark slipped 0.9% on Dec. 31.
The New Zealand stock market is closed on Tuesday for a public holiday.
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