Aust stocks open sharply lower

Local market follows weaker Wall St leads as Fed gives no more clarity on stimulus.

The Australian stock market opened more than 1% lower following falls on Wall Street after minutes from the Federal Reserve's last meeting gave no more clarity on the central bank's plans for its stimulus program.

At 1015 AEST official market open, the benchmark S&P/ASX200 index fell 1.26% to 5,035.7 points, while the broader All Ordinaries index lost 1.21% to 5,028.8 points.

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