Australian shares set to open lower; NZ slumps a record 6%

– Australian shares looked set to drop
at open on Friday, tracking Wall Street peers, as the U.S. move
to restrict travel from Europe over the coronavirus pandemic
rattled investors already shaken by fears of a global recession.
The local share price index futures fell 7.2%, a
411.6-point discount to the underlying S&P/ASX 200 index
close. The benchmark lost 7.4% on Thursday in its biggest plunge
since the 2008 global financial crisis.
New Zealan