The Australian share market is expected to open lower following losses on Wall Street overnight.

The SPI200 futures contract was down 15 points, or 0.23 per cent, at 6,591.0 at 0700 AEST, suggesting an early fall for the benchmark S&P/ASX200 on Thursday.

On Wall Street, the Dow Jones Industrial Average finished down 0.42 per cent, the S&P 500 was down 0.65 per cent and the tech-heavy Nasdaq Composite was down 0.46 per cent.

The Aussie dollar is buying 70.10 US cents from 70.06 US cents on Wednesday.