Aust stocks open weaker

Local market extends last week's heavy losses on downbeat offshore leads.

The Australian sharemarket opened lower after international bourses extended their declines with investors still concerned over conflicts in the Middle East and Ukraine and Argentina's debt default.

At 10.20am (AEST), the benchmark S&P/ASX200 index tumbled 15.9 points, or 0.29%, to 5,540.5 points, while the broader All Ordinaries index fell 14.5 points, or 0.26%, to 5,533.1 points.

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