Aust stocks lower at noon

Local market pares some earlier losses but remains more than half a per cent weaker.

The Australian stock market pared some of its early losses, but remained lower at noon following weak leads from Wall Street.

At 1215 AEDT, the benchmark S&P/ASX200 index fell 0.48% to 5,396.1 points, while the broader All Ordinaries index retreated 0.47% to 5,389.8.

Financials were mixed.

ANZ added 0.46% to $32.53, while Commonwealth Bank edged down 0.06% to $79.27.

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