SYDNEY, Sept 30 (Reuters) - Australian shares are poised for a positive start after hitting a two-year low in the previous session but trading is likely to be volatile on persistent worries about global growth and the health of the Chinese economy.
Share price index futures YAPcm1 rose 0.9 percent overnight, sitting at an 8.6-point premium to the underlying S&P/ASX 200 index .AXJO . The benchmark tumbled 3.8 percent on Tuesday, posting its biggest percentage drop for a day since Aug. 24.
Australia building permits and private sector credit data are due at 11.30 am AEST.
Shares in New Hope Corp NHC.AX will be watched after it agreed to buy a 40 percent stake in the Bengalla coal mine from a subsidiary of Rio Tinto (LONDON:RIO) for $606 million. ID:L3N11Z5O8
New Zealand's benchmark NZX 50 index .NZ50 fell 0.2 percent to 5,599.95 points in early trade.
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