Aust stocks open lower

Local market slides almost half a per cent as US shutdown weighs on Wall St.

The Australian stock market opened lower after Wall Street suffered hefty losses on fears that the United States may default as a result of the partial government shutdown.

At the 1015 AEST official market open, the benchmark S&P/ASX200 index fell 0.44% to 5,211.8, while the broader All Ordinaries index declined 0.45% to 5,208.7 points.

No major economic news or equities news is expected on Friday.

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