Aust stocks fall further at noon

Local market widens morning losses as US budget uncertainty weighs.

The Australian stock market widened morning losses at noon as uncertainty over the ongoing budget negotiations in the United States weighed on investor sentiment.

At 1205 AEST, the benchmark S&P/ASX200 index fell 1.35% to 5,235.6 points, the broader All Ordinaries index retreated 1.3% to 5,233.2 points.


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