Aust stocks sink at open

Local market follows Wall Street lower after weak China, US data see US stocks close more than 2% in the red.

The Australian stock market opened sharply lower, falling more than 1% in early trade, after Wall Street closed more than 2% lower on weaker manufacturing data out of the United States and China.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index fell 1.34% to 5,118.6 points, while the broader All Ordinaries index declined 1.33% to 5,132.9.

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