Aust stocks close slightly weaker

Local market falls despite rising business confidence as investors watch US crisis.

The Australian stock market closed slightly lower despite a lift in business confidence as investors wait for news on the United States budget and debt ceiling negotiations.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index fell 0.23% to 5,149.4 points, while the broader All Ordinaries index shed 0.24% to 5,148.1 points.


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