Rocky start tipped for local shares

It is tipped to be a rocky start for Australian shares during the first session of the decade. Futures indicators are pointing to a plunge in stocks, which extended losses from the final trading day of 2019. The SPI futures index was last down 139 points, however there is a chance predicted losses could be moderated by a late rally on Wall Street. $40 billion was wiped from the local market on Tuesday, as traders ended the decade by taking profits off the table. It was a strong year as the ASX200 closed with a gain of nearly 14 per cent, the best result since 2009. Image: AP

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