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Australian shares are set to open higher on Friday, rebounding from heavy losses in the four prior sessions amid a hawkish stance by the US Federal Reserve, while local materials-reliant stocks will likely lose on weaker commodity prices.
The local share price index futures rose 1.5%, but were at a 28.3-point discount to the underlying S&P/ASX 200 index close.
Australia shares fall into correction territory after Fed signals hikes
The benchmark lost 1.8% on Thursday.
New Zealand's benchmark S&P/NZX 50 index rose 0.3% to 12,089.86 in early trade.