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Australian stocks are poised for a flat open after a turbulent start to the week.

The SPI200 futures contract was up 1 point, or 0.01 per cent, at 6,853 at 0700 AEDT on Tuesday.

The Australian benchmark S&P/ASX200 index finished Monday down 93.9 points, or 1.34 per cent, at 6,923.3 amid continued uncertainty about the economic impact of the coronavirus.

The broader All Ordinaries index fell 101.3 points, or 1.42 per cent, to 7,019.9.

US equities bounced back overnight as coronavirus concerns in markets appeared to abate slightly after China responded with stimulatory measures, Westpac economics and research says .

At 0700 AEDT, the Aussie was buying 66.88 US cents, from 67.02 US cents at the market close on Monday.