Australian shares set to open lower; NZ slumps a record 6pc

• The local share price index futures fell 7.2pc, a 411.6-point discount to the underlying S&P/ASX 200 index close.
• The benchmark lost 7.4pc on Thursday in its biggest plunge since the 2008 global financial crisis.

The local share price index futures fell 7.2pc, a 411.6-point discount to the underlying S&P/ASX 200 index close.

The benchmark lost 7.4pc on Thursday in its biggest plunge since the 2008 global financial crisis.

New Zealand's benchmark S&P/NZX 50 index dropped as much as 6pc in early trade, marking its biggest-ever intraday percentage loss.