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.


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