Aust stocks lower at lunch

Local market still in the red as upbeat US data stokes fears of early Fed taper.

The Australian stock market remained more than 0.5% lower at noon as better than expected United States jobless claims figures stoked fears of early Federal Reserve stimulus tapering.

At 1205 AEST the benchmark S&P/ASX200 index fell 0.8% to 5,111.2 points, while the broader All Ordinaries index dropped 0.77% to 5,097.2 points.

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