Aust stocks fall at noon

Local market declines as investors worry about risks from US budget impasse.

The Australian stock market was lower at noon after a fall at the open and weak Wall Street leads on fears the United States may default due to the partial government shutdown.

At 1205 AEST, the benchmark S&P/ASX200 index fell 0.51% to 5,208.3 points, while the broader All Ordinaries index declined 0.5% to 5,205.6 points.

IG analyst Stan Shamu said the market looks set to close lower for the week.

"Heading into the weekend we doubt local investors will be keen to hold onto gains given the significant risk from the US political deadlock," Mr Shamu said.

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