Aust stocks close lower

Local investors pause for breath, await tapering hints from US Federal Reserve

The Australian stock market has closed half a per cent lower, pulling back from yesterday's fresh five-year closing high as investors wait for hints about when the United States Federal Reserve may start to reduce its stimulus measures.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index was 0.48% lower at 5,415.5 points, while the broader All Ordinaries index was 0.49% weaker at 5,410.7 points.

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