Aug 6 (Reuters) - Australian shares were expected to open lower on Tuesday after losing over 5% in the previous two sessions as a global selloff induced by U.S. recession fears continued, while investors cautiously waited for a local interest rate decision due later in the day.
The local share price index futures YAPcm1 fell 0.4%, a 73.6-point discount to the underlying S&P/ASX 200 index (xjo) close. The benchmark slumped 3.7% on Monday.
New Zealand's benchmark S&P/NZX 50 index (nz50) was 1.1% lower in early trade.
