The Australian share market has opened lower, with most sectors down, as investors remain uncertain after a sharp decline in Chinese stock markets on Thursday.
The Australian dollar has again crept higher against its US counterpart which has extended its losses after its slumping to a five-month low on Wednesday.
The local share market has closed steady as gains by miners, energy producers and some health care stocks were offset by falls among banks and retailers.
The Australian share market looks set to open slightly higher after a lacklustre showing amid thin trade on Wall Street ahead of the Thanksgiving holiday.
The Australian dollar has fallen further against its US counterpart which, along with US equities, has risen slightly amid improved risk sentiment.
The Australian share market has closed higher as positive sentiment over US tax reforms and several strong company performances flowed onto the local bourse.
The Australian share market looks set to open more than 0.7 per cent higher after strong gains on Wall Street amid optimism for tax cuts and solid earnings.