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Aust shares follow Wall Street lower

The Australian share market has opened sharply lower, following falls on Wall Street and Europe's key indexes amid uncertainty over planned US corporate tax cuts and disappointing company reports.

At 1015 AEDT on Monday, the benchmark S&P/ASX200 index was down 33.1 points, or 0.56 per cent, at 5,924.2, while the broader All Ordinaries index was down 30.5 points, or 0.51 per cent, at 6,007.8 points.

In futures trading, the SPI200 futures contract was down 33 points, or 0.55 per cent, at 5,930 points.