Aust stocks close lower

Local market loses half a per cent on uncertainty over US tapering timeline.

The Australian stock market closed 0.5% lower today after United States Federal Reserve minutes released overnight provided little clarity on plans for tapering quantitative easing.

At 1615 official market close, the benchmark S&P/ASX200 index fell 0.48% to 5,075.7 points, while the broader All Ordinaries index lost 0.46% to 5,066.7 points.

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