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The Australian share market is expected to open lower after losses on Wall Street at the end of last week.

The SPI200 futures contract was down 24 points, or 0.37 per cent, at 6,378.0 at 0700 AEST, suggesting a negative start for the benchmark S&P/ASX200 on Monday.

On Wall Street on Friday, the Dow Jones Industrial Average closed down 1.41 per cent, the S&P 500 was down 1.32 per cent and the tech-heavy Nasdaq Composite was down 1.51 per cent.

The Aussie dollar is buying 69.29 US cents from 69.14 US cents on Friday.