Aust stocks open lower

Local market loses three-quarters of a per cent after Wall Street falls overnight.

The local market has opened lower following falls on Wall Street overnight amid warnings of weaker company profits and more hints of United States Federal Reserve stimulus tapering.

At the 1015 AEST official market open, the benchmark S&P/ASX200 index fell 0.76% to 5,066.9 points, while the broader All Ordinaries index lost 0.73% to 5,050.8 points.

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