(Reuters) - Australian shares are set to fall on Wednesday for a fourth straight session, led by heavy sell-offs in energy stocks as oil prices plunge on widespread fears of global economic slowdown.
The local share price index futures <YAPcm1> fell 1.1 percent or 64 points to 5,614, a 57.8-point discount to the underlying S&P/ASX 200 index <.AXJO> close. The benchmark was down 0.4 percent on Tuesday.
New Zealand's benchmark S&P/NZX 50 index <.NZ50> was marginally down in early trade.
(Reporting by Niyati Shetty in Bengaluru, Editing by William Maclean)
