Aust stocks set to open lower

The Australian stock market looks set to follow Wall Street's downward lead and open lower, a day after rising 2.5% and posting its biggest gains since October 2011.

The Australian stock market looks set to follow Wall Street's downward lead and open lower, a day after rising 2.5% and posting its biggest gains since October 2011.

United States stocks reversed early gains and ended lower on revived concerns about the Eurozone and the political crisis in Egypt.

At 0635 AEST, the September share price index futures contract was down 25 points at 4,764.

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