Aust stocks slip at noon

Local market falls slightly after yesterday's high as investors await taper hints.

The Australian stock market has slipped at noon after yesterday's fresh five-year high as investors wait for news from the United States Federal Reserve these week about when it will start tapering its quantitative easing program.

At 1205 AEDT, the benchmark S&P/ASX200 index was 0.37% lower at 5,421.3 points, while the broader All Ordinaries index was also 0.37% weaker at 5,417.4 points.

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