Aust stocks weaker at noon

The market has slipped further in late morning trade.

The Australian stock market has continued to fall in noon trade, pulling back from yesterday's five-year highs which followed the US Federal Reserve's surprise decision to maintain its stimulus program.

At 1205 AEST, the benchmark S&P/ASX200 index fell 0.36 per cent to 5,276.5 points, while the broader All Ordinaries index was 0.37 per cent lower at 5,269 point.

Wall Street, which had also rallied on the decision, fell back overnight.

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