May 18 (Reuters) - Australian shares are seen falling for a second day on Thursday, taking cues from Wall Street which had its biggest one-day fall in more than eight months as investors feared that White House issues might take focus off promised economic reforms. .N
Australian share price index futures YAPcm1 was down 1.07 percent, or 62 points, at 5,720, a 66-point discount to the underlying S&P/ASX 200 index .AXJO close.
The benchmark dropped 1.1 percent in the previous session.
New Zealand's benchmark S&P/NZX 50 index .NZ50 fell 0.36 percent, or 27.07 points to 7,395.43 at 2206 GMT.
For a summary of overnight action across global markets, double click on AU/CALL
For a digest of the day's business stories in Australian newspapers, double click on PRESS/AUB