Aust stocks drop at noon

Local market widens morning losses following weak Wall Street leads, yesterday's lower close on poor US jobs data.

The Australian stock market has widened morning losses at noon, sitting 0.9% lower following weak Wall Street leads after both the Dow Jones Industrial Average and S&P 500 closed more than one% lower.

At 1205 AEDT, the benchmark S&P/ASX200 index lost 0.88% to 5,245.6 points, while the broader All Ordinaries was 0.83% lower at 5,252.6 points.

Materials were mostly lower.


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