Australian shares are expected to open lower on Tuesday, extending declines of 0.6% in the previous session.
By 8 am AEDT (9 pm GMT) ASX 200 futures were down 14 points, or 0.2%.
This comes despite strong performances from U.S. tech giants, which lifted the Nasdaq Composite and S&P 500 overnight.
Tesla surged over 6%, while Alphabet, Google's parent company, advanced nearly 4%. In contrast, the Dow Jones slipped 0.3%.
Meanwhile, Bitcoin reached a record high above US$107,000 (A$167,929) following remarks by President-elect Donald Trump about establishing a U.S. Bitcoin strategic reserve, akin to the strategic oil reserve.
In commodities, Brent crude dipped to US$74 per barrel as weak economic data from China stoked concerns about demand in the world's largest crude importer.
Among local companies, Westpac announced that its Chief Financial Officer, Michael Rowland, will retire next year. Rowland will continue in his role while the bank conducts a search for his replacement.
On the bond markets, 10-year and 2-year yields were at 4.335% and 3.935%, respectively.