Australian shares poised to drop at open; NZ slides

Australian shares are expected to open
lower on Monday as the widespread closure of venues across the
country offset new fiscal stimulus from the government to stem a
coronavirus-induced slowdown.
Australia ordered pubs, cinemas, churches and casinos to
close and two more states said on Sunday they would shut their
borders, while the government pledged an extra A$66.4 billion
($38.43 billion) to combat the impact of the respiratory virus.

The local