Aust stocks fall at noon

Local market slightly lower following weak leads from bourses around the world.

The Australian stock market was lower at noon after weak leads from global bourses as cautious investors see United States economic data pointing to tapering.

At 1215 AEST, the benchmark S&P/ASX200 index fell 0.4% to 5,221.7 points, while the broader All Ordinaries index slipped 0.38% to 5,218.2 points.

IG analyst Stan Shamu said the US market is "perhaps now content with the tapering notion".

Locally, he said it was expected that traders would get nervous today after reaching a fresh five-year high yesterday.

Materials were mostly lower.

BHP Billiton retreated 1.01% to $36.21, while Rio Tinto shed 1.56% to $63.20.

Fortescue Metals slipped 1.39% to $4.595.

Whitehaven Coal lost 2.49% to $2.155 while Newcrest retreated 3.11% to $11.85.

In the energy sector, Santos inched up 0.07% to $15.00, Oil Search rose 0.35% to $8.51 and Woodside fell 0.13% to $38.72.

In news on Friday, ANZ makes its monthly interest rate decision.

The market on Thursday hit another new five-year high, with the benchmark S&P/ASX200 index adding 8.1 points to 5,242.5 points and the broader All Ordinaries index gained 7.6 points to 5,238.2 points.

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