Aust stocks open lower

Local market slips more than half a per cent as Wall St slides on Fed news.

The Australian stock market opened lower following Wall Street's negative lead after the Federal Reserve said the US economy was growing only moderately and still needed support.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index lost 0.56 per cent to 5,400.5 points, while the broader All Ordinaries index fell 0.5%, at 5,398.2 points.


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