Australia shares set to bounce in hunt for bargains

  Share price index futures YAPcm1 rose 0.6 percent to 4,524.0, a 56.8 point premium to the underlying S & amp;P/ASX 200 index .AXJO. The benchmark sank 3.1 percent on Monday as investors fled the market on worries about euro zone austerity measures crimping global growth.  

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