After the Kuwait attack, the Australian stock market is expected to decline.

Before the market opened on Thursday, ASX futures fell by nearly 0.9%, indicating that the S&P/ASX 200 Index would follow the trend of U.S. stock indexes. The Dow Jones Index declined by 1.2%, the S&P 500 Index fell by 0.7%, and the Nasdaq Composite Index dropped by 0.9%. Prior to the ASX opening, Treasury Wine Estates announced it would integrate its California operations and divest some wineries as part of a plan to cut costs by 100 million AUD and rebalance supply.