Aust stocks lower at noon

Local market sits more than half-a-per cent lower as US budget stalemate weighs.

The Australian stock market extended its earlier losses to sit lower at noon, following falls on Wall Street overnight as the US budget stalemate entered its second week.

At the 1205 AEDT, the benchmark S&P/ASX200 index lowered 0.59% to 5,130.5 points, while the broader All Ordinaries index edged down 0.62% to 5,128.5 points.

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