Heavy selling in early trading

Australian stocks have encountered heavy selling in early trade.

The Australian stock market opened more than half-a-per cent lower following strong falls on Wall Street last week.

At the 1015 AEST official market open, the benchmark S&P/ASX200 index shed 0.83 per cent at 4,762.7 points, while the broader All Ordinaries index was down 0.78 per cent at 4,738.2 points.

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