SYDNEY, Oct 14 (Reuters) - Australian shares were poised to fall for a third straight session on Wednesday on worries about slowing growth in China and nerves ahead of U.S. earnings season.
The share price index futures YAPcm1 fell 0.6 percent overnight to 5,161 points, sitting at a 41.9-point discount to the underlying S&P/ASX 200 index .AXJO . The benchmark dropped 0.6 percent on Tuesday, receding further away from a recent six-week high.
Investors will watch Treasury Wines TWE.AX after it agreed to buy the majority of Diageo Plc's DGE.L U.S. and British wine operations for $552 million. urn:newsml:reuters.com:*:nL3N12D627
Westpac Banking WBC.AX announced a $2.5 billion rights issue to meet new stricter capital rules. Its shares will remain on a trading halt and is expected to recommence next Monday. urn:newsml:reuters.com:*:nL3N12D5UT
New Zealand's benchmark NZX 50 index .NZ50 rose 0.40 percent to 5,725.66 in early trade.
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