The Australian share market is lower, weighed down by the continued rout in commodities.
Key miners led the fall with BHP Billiton down 35 cents to $19.72, Rio Tinto 51 cents lower to $47.62 and Fortescue Metals off seven cents to $2.11 on the back of the sinking iron ore price.
Financial stocks were also largely weaker led by falls in insurance giants QBE and ABM.
All of the big four banks were marginally down with worst performer NAB losing 27 cents to $29.95.
KEY FACTS
* At 1210 AEDT, the benchmark S&P/ASX200 index was down 25.2 points, or 0.48 per cent, at 5,251.2 points.
* The broader All Ordinaries index was down 25.3 points, or 0.47 per cent, at 5,301.2 points.
* The December share price index futures contract was down 27 points at 5,258 points, with 12,260 contracts traded.
* At 1216 AEDT, national turnover was 1.3 billion securities worth $2.54 billion.
