The Australian market looks set to open lower following falls on Wall Street's three key indexes with the Nasdaq dropping more than one per cent.
At 0700 AEST on Wednesday, the share price futures index was down 12 points, or 0.2 per cent, at 5,642.
In the US, the tech-heavy Nasdaq, pulled down by sharp falls in tech stocks, led the bourse's decline with stocks falling more sharply after a healthcare bill was delayed in the US Senate, raising fresh questions about President Trump's domestic agenda.
The Dow Jones Industrial Average fell 0.46 per cent, the S&P 500 lost 0.81 per cent and the Nasdaq Composite dropped 1.61 per cent to 6146.62.
Locally, no major economic news is expected on Wednesday.
In equities, Rio Tinto is expected to report the outcome of a shareholder meeting in London to vote on the proposed sale of its Coal & Allied business to Yancoal.
Meanwhile, APRA chairman Wayne Byres will attend an AmCham event in Sydney.
The Australian market on Tuesday closed marginally lower after a shaky start as broad-based losses held back gains in financial and mining stocks.
The benchmark S&P/ASX200 index fell 6 points, or 0.1 per cent, to 5,714.2 points.
The broader All Ordinaries index lost 5.9 points, or 0.1 per cent, to 5,752.5 points..
Meanwhile, the Australian dollar is lower against its US counterpart, and back below 76 US cents, despite the greenback falling in the overnight session.
The local currency was trading at 75.82 US cents at 0700 AEST on Wednesday, from 76.02 on Tuesday.
CURRENCY SNAPSHOT AT 0700 AEST:
CURRENCY ASK BID PREVIOUS
AUD/USD 0.7584 0.7582 0.7582
AUD/JPY 85.22 85.18 85.18
AUD/EUR 0.669 0.6685 0.6685
AUD/NZD 1.0433 1.0425 1.0425
AUD/GBP 0.5919 0.5915 0.5915
The spot price of gold in Sydney at 1700 AEST was $US1,246.82 per fine ounce, from $US1,250.67 per fine ounce on Tuesday.
BOND SNAPSHOT AT 0700 AEST:
* CGS 4.50 per cent April 2020, .7595pct, unchanged
* CGS 4.75pct April 2027, 2.3535pct, unchanged
Sydney Futures Exchange prices:
* August 2017 10-year bond futures contract at 97.52 (implying a yield of 2.48pct), from 97.600 (2.400pct) on Tuesday
* August 2017 3-year bond futures contract at 98.14 (1.86pct), from 98.19pct (1.81pct).
(*Currency closes taken at 1700 AEST previous local session, bond market closes taken at 1630 AEST previous local session)