Australia Shares Poised to Open Lower

2322 GMT [Dow Jones]—Australia’s S&P/ASX 200 is poised to open lower as investors continue to digest the implications of the Reserve Bank’s surprise interest-rate rise. ASX futures are down by 0.6%, suggesting that the benchmark index will add to Tuesday’s 0.9% fall, its largest in more than six weeks. The ASX 200 had been flat until the central bank raised the cash rate by 25 basis points to 3.85%. Ahead of Wednesday’s open, hospital operator Ramsay Health Care said net profit rose 17% in the nine months through March, travel agent Flight Centre said it was reviewing capital management, and property advertiser Domain lowered its annual margin guidance. In the U.S., the DJIA declined 1.1%, the S&P 500 dropped 1.2%, and the Nasdaq Composite fell 1.1%. (stuart.condie@wsj.com)