Aust stocks close lower

Local market pulls back from five-year high on material falls, tapering worries.

The Australian stock market closed slightly lower today, pulling back from yesterday's fresh five-year high as investors around the world ready for a possible tapering announcement next week.

At the 1615 AEST official market close, the benchmark S&P/ASX200 index fell 0.44% to 5,219.6 points, while the broader All Ordinaries index slipped 0.45% to 5,214.7 points.

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