Australian shares are set to dip at the open on Tuesday, tracking Wall Street and global shares lower as rising Delta variant infections revive worries over new COVID-19 lockdowns and a long drawn-out global economic recovery.

The local share price index futures fell 0.95%, a 157.0-point discount to the underlying S&P/ASX 200 index close. The benchmark lost 0.85% on Monday.

Australian stocks tumble 2.27pc

Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index fell 0.7% to 12,561.1 on Tuesday.