Australia shares likely to open lower, NZ slips
Oct 7 (Reuters) - Australian shares are set to open lower on Friday, tracking major Wall Street indexes down overnight as fears build of a possible recession.
The local share price index futures YAPcm1 fell 0.7%, a 47.5-point discount to the underlying S&P/ASX 200 index .AXJO close. The benchmark closed flat on Thursday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.1% to 11111.4 points in early trade.
Reporting by Riya Sharma in Bengaluru Editing by Chris Reese
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