Aust stocks close lower

Local market falls slightly ahead of tonight's US Federal Reserve meeting.

The Australian sharemarket has closed slightly lower after Chinese new home prices fell for the first time in two years and investors wait for the US Federal Reserve meeting, scheduled for tonight.

At the 4.15pm (AEST) official market close, the S&P/ASX200 index fell 18 points, or 0.33%, to 5,382.7 points, while the broader All Ordinaries index lost 16.8 points, or 0.31%, to 5,363.9 points.

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