Aust stocks open lower

Local market declines in early trade after US PPI data surprised Wall Street.

The Australian sharemarket has opened lower following falls on Wall Street after a surprise lift in producer prices.

At the 10.15am (AEST) official market open, the benchmark S&P/ASX200 index dropped 19.1 points, or 0.35%, to 5,477.4, while the broader All Ordinaries index shed 17.8 points, or 0.33%, to 5,458.1 points.

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