Aust stocks lose their shine

The local market closed weaker, led by falls on Wall Street as stimulus tapering again created tension among investors

The Australian stock market closed three-quarters of a per cent lower after a slide on Wall Street as low United States jobless claims sparked fears the Federal Reserve will start tapering its stimulus program next month. 

At 1615 AEST official market close, the benchmark S&P/ASX200 index fell 0.75 per cent to 5,113.9 points, while the broader All Ordinaries index lost 0.71 per cent to 5,100.1 points.


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