Market recovers slightly at noon

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Australian stocks were lower at noon, as nervous local investors await the outcome of tonight's US House of Representatives vote on a new version of the $US700 billion ($A888 billion) bailout of the financial markets.

At 1200 AEST, the benchmark S&P/ASX200 was down 86.3 points, or 1.81 per cent, at 4674.8, while the broader All Ordinaries had lost 94.3 points, or 1.98 per cent, to 4679.8.

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