Australian shares are expected to open lower on Wednesday taking cues from global markets as they tumble on fears of a worsening Russia-Ukraine crisis and oil price surge further on supply worries.
The local share price index futures fell 0.7%, a 99.5-point discount to the underlying S&P/ASX 200 index close.
The benchmark rose 0.7% on Tuesday.
New Zealand's benchmark S&P/NZX 50 index fell 0.3% in early trade.
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