Aust stocks set to open lower

Market tipped to begin shortened trading week lower on weak Wall St lead.

The Australian sharemarket looks set to open lower after tech-rich Nasdaq Composite Index again led Wall Street sharply lower, closing out a dreary week at its lowest level in more than two months.

At 6.45am (AEST)  the June share price index futures contract was down 14 points at 5,406.

Locally, no major economic or equities news is expected on Monday.

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