Aust stocks fall at noon

Local market falls further as drop in the iron ore price weighs on miners.

The Australian sharemarket has fallen further at noon as continuing weakness in the iron ore price weighs on miners.

At 12.05pm (AEST), the benchmark S&P/ASX200 index declined 44.9 points, or 0.82%, to 5,434.1 points, while the broader All Ordinaries index shed 43.4 points, or 0.8%, to 5,415.5 points.

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