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Aust stocks edge up at noon

Local market lifts as Chinese manufacturing sector expands less than forecast.
By · 1 Oct 2013
By ·
1 Oct 2013
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The Australian stock market edged up at noon after the release of Chinese data showing the manufacturing sector expanded less than expected, while investors wait for news on a partial United States government shutdown.

At 1205 AEST, the benchmark S&P/ASX200 index was 0.23% higher at 5,230.9 points, while the broader All Ordinaries index edged up 0.2% to 5,228 points.

China's manufacturing purchasing managers' index printed at 51.1 in September, lower than the Bloomberg economists' forecast of 51.6 but a slight lift on the read of 51 in August.

Meanwhile, the US Senate has killed the latest House measure to delay President Barack Obama's health care law as part of a federal funding bill, bringing the government to the brink of shutdown.

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