Australia shares poised to enter bear market territory

Australian shares are likely to open
lower on Tuesday and the market is set to enter a bear market
territory as the uncertainty around COVID-19 and the oil price
collapse clouded the global economic outlook, denting the risk
appetite further.
The local share price index futures fell about 4.8,
a 328.6-point premium to the underlying S&P/ASX 200 index
close. The benchmark declined 7.3% on Monday, marking
its biggest drop in over 11 years.
The benc