Aust stocks slide 1.2% at open

Local market follows Wall Street lower as escalating tensions between Russia and the West, weaker Chinese data spook investors.

The Australian sharemarket opened more than one per cent lower, following the downbeat lead of Wall Street where escalating tensions between Russia and the West, along with weaker Chinese data, saw the major indices close sharply in the red.

At the 10.15am (AEDT) official market open, the benchmark S&P/ASX200 index was 68.4 points, or 1.26%, lower at 5,344.2 points, while the broader All Ordinaries index fell 67 points, or 1.23%, to 5,362.1.

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