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    Aust shares open one per cent lower

    The Australian share market has opened more than three-quarters of a per cent lower.

    At 1010 AEDT on Thursday, the benchmark S&P/ASX200 index was down 39.1 points, or 0.89 per cent, at 4,349.3, while the broader All Ordinaries index was down 39.2 points, or also 0.89 per cent, at 4,371.5.

    On the ASX 24, the December share price index futures contract was down 40 points at 4,360, with 8,654 contracts traded.

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    Budget 2013