Aust stocks set to open lower

Local market tipped for weak start as looming US default weighs on global bourses.

The Australian stock market looks set to open lower following falls on international markets as the United States budget standoff enters its eighth day with no end in sight, stoking worries of a catastrophic default.

At 0645 AEDT, the December share price index futures contract was down 31 points at 5,111.

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