Aust stocks open more than 1% weaker

The Australian stock market looks set to open sharply lower following hefty falls on international markets after US Federal Reserve chairman Ben Bernanke said the central bank may start winding back its stimulus measure before the end of the year.

The Australian stock market looks set to open sharply lower following hefty falls on international markets after US Federal Reserve chairman Ben Bernanke said the central bank may start winding back its stimulus measure before the end of the year.

At the 1015 AEST official market open, the benchmark S&P/ASX200 index slumped 1.28% to 4,697.7 points, while the broader All Ordinaries index declined 1.29% to 4,682.6 points.

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