SYDNEY, Jan 12 (Reuters) - Australian shares have a chance to break an eight-session losing streak on Tuesday thanks to a late bounce on Wall Street, though concerns over China's markets and economy remain a wild card.
The local share price index futures YAPcm1 were trading a 0.3 percent up on the previous close at 4,876.0.
Having lost 8 percent in as many trading days, analysts say the index is deeply oversold on technical measures and due some sort of bounce, if only temporarily.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.3 percent in early trade.
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