Aussie shares set for another round of drubbing; NZ falls 1 pct

Australian shares are likely to extend
sharp losses on Friday, after suffering their worst drubbing in
over eight months as risk appetite was battered by the Sino-U.S.
trade war and the prospect of aggressive rate hikes from U.S.
Federal Reserve.
A measure of world equity prices fell to a one-year low on
Thursday as Wall Street extended its October slide into a sixth
session, a day ahead of the beginning of corporate earnings
season that will reflect the impact of a bi