Aust stocks slide at open

Local market falls as Wall Street extends losses on unimpressive economic news.

The Australian stock market opened one% lower after Wall Street continued its downward trend on mediocre economic news and higher bond yields.

At 1020 AEST, the benchmark S&P/ASX200 index fell  one% to 5,061.5 points, while the broader All Ordinaries index lost 0.96% to 5,053.5 points.

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