Aust stocks fall at noon

Local market falls as Bernanke reassures global bourses rates will stay low.

The Australian stock market has fallen further at noon after overnight falls on international markets despite Federal Reserve Chairman Ben Bernanke reassuring markets that interest rates will remain low as it considers reducing its bond-buying program.

At 1205 AEDT, the benchmark S&P/ASX200 index fell 0.81% to 5,309.6 points, while the broader All Ordinaries index lost 0.76% to 5,306.9 points.

Financials were mostly lower.

ANZ fell 0.97% to $31.61 and Commonwealth Bank shed 0.61% to $76.73.

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