Australia shares poised to decline at open, NZ down

Australian shares were set to fall at
open on Wednesday as investors feared that interest rate cuts
would not be enough to combat the economic impact of the
coronavirus outbreak.
The U.S. Federal Reserve on Tuesday announced an emergency
half-percentage point interest rate cut, becoming the second
central bank from a developed nation to slash rates after
Australia’s 25 basis point trim earlier in the day.

The local share price index futur