February 8, 2018 / 9:24 PM / a year ago

Australian shares to plunge tracking Wall Street; NZ lower

    Feb 9 (Reuters) - Australian shares are expected to open
substantially weaker on Friday, tracking a tumble on Wall Street
as investors remained on edge amid several volatile sessions.
    Major indexes in the United States fell about 2 percent in
late afternoon trading.     
    The local share price index futures          plunged 119
points to 5,694, a 196.7-point discount to the underlying
S&P/ASX 200 index         close. The benchmark rose 0.2 percent
on Thursday.
    New Zealand's benchmark S&P/NZX 50 index         fell 1
percent in early trade, making it on track to end lower for all
the days it traded in the week.

 (Reporting by Ambar Warrick in Bengaluru)
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