Aust stocks open flat

Local market begins little changed despite strong Wall Street gains.

The Australian sharemarket has opened flat despite strong gains on Wall Street after Federal Reserve chair Janet Yellen was dovish about the US economy's recovery.

At 10.15am (AEDT), the benchmark S&P/ASX200 index fell 9.7 points, or 0.18%, to 5,385.1 points while the broader All Ordinaries index lost 10.8 points, or 0.2%, to 5,392.2 points.

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