Aust stocks set to slide

Local market tipped for weak start as Crimea concerns continue to weigh.

The Australian sharemarket looks set to open lower following falls on Wall Street as tensions between the US and Europe and Russia continued with Crimea expected to vote to break from Ukraine.

At 6.45am (AEDT), the March share price index futures contract was down 18 points at 5,307.

In local economic news on Monday, the Australian Bureau of Statistics (ABS) releases February's new motor vehicle sales figures.

No major equities news is expected.

In Australia, the market on Friday suffered it largest one day fall in almost six weeks due to disappointing Chinese economic figures and increasing tension over Ukraine's Crimea region.

The benchmark S&P/ASX200 index dropped 83.2 points, or 1.54%, to 5,329.4 points.

The broader All Ordinaries index lost 82 points, or 1.51%, to 5,347.1 points.

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