The Australian sharemarket opened slightly lower after Wall Street closed weaker despite recovering somewhat from a sharp opening fall sparked by a Portugal bank scare and general investor caution. At the 10. 15am (AEST) official market open, the benchmark S&P/ASX200 index fell 16. 6 points, or 0. 3 per cent, to 5,447. 8 points, while the broader All Ordinaries index lost 15. 8 points, or 0. 29 per cent, at 5,438. 5 points.
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