Business & Finance
Australia shares set to open higher, NZ rises
- Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index rose 0.6% in early trade.
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Australian shares are likely to open higher on Thursday, after losing more than 2% in the previous session, tracking a rebound in US tech stocks, which ended in the black overnight following three straight sessions of sell-off.
The local share price index futures rose 1.3%, a 56.4-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 2.2% on Wednesday.
Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index rose 0.6% in early trade.