Aust stocks slump at open

Local market loses more than 1% after fresh Fed taper weighs down Wall Street.

The Australian stock market opened more than one per cent weaker following falls on international markets after the Federal Reserve said it would further taper its stimulus measures.

At the 1015 AEDT official market open, the benchmark S&P/ASX200 index lost 1.27% to 5,162.8 points, while the broader All Ordinaries index declined 1.23%, at 5,176.4 points.

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