Australian shares poised to open sharply higher; NZ surges

April 10 (Reuters) - Australian shares were likely to open sharply higher on Thursday after U.S. President Donald Trump announced a 90-day pause on many of his new tariffs, providing respite to investors who were worried about the fallout of an escalating global trade war.

The local share price index futures YAPcm1 rose 6.6%, a 520.0-point premium to the underlying S&P/ASX 200 index .AXJO close. The benchmark fell 1.8% on Wednesday.

New Zealand's benchmark S&P/NZX 50 index .NZ50 surged 3.4% to 12,210.76 points in early trade.

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