Aust stocks close slightly lower

Local share market ends long run of gains as investors await imminent QE tapering timeline.

The Australian stock market ended its long run of gains to close slightly lower as investors wait for the US Federal Reserve's decision on reducing stimulus.

At the official market close of 1615 AEST, the benchmark S&P/ASX200 index fell 0.25% to 5,238.1 points, while the broader All Ordinaries index was 0.28% lower at 5,230.4 points.

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