Aus market follows Wall Street lower The Australian stock market has opened lower, following falls on Wall Street overnight. Commsec market analyst Steven Daghlian said the local market was lower for the third day in a row - its worst performance since June. He said local stocks were taking their lead from weakness in European and US markets. "Last night, we had losses across the board so no big surprise that we have had a bit of a weak start to the session," he said. The big four banks were all lower, with ANZ down 33 cents at $29.53, Commonwealth Bank losing 61 cents to $72.92, NAB dropping 24 cents to $30.82 and Westpac shedding 19 cents to $31.05. "Those big four make up about a quarter of the Aussie market so it does have a big impact when we see falls in that sector," Mr Daghlian said. Telstra also was down, dropping 2.5 cents to $5.05. Among the big miners, BHP was 38 cents lower at $35.24, or more than one per cent, while Rio Tinto was down 81 cents, more than 1.3 per cent, at $59.05. But media giant 21st Century Fox bucked the trend, with its shares climbing 29.5 cents to $35.12 after the company reported a boost in profit, but warned the cost of launching its US TV sports networks and currency effects will impact the year ahead. At 1020 AEST, the benchmark S&P/ASX200 index was down 36.4 points, or 0.81 per cent, at 5069.1 points. The broader All Ordinaries index was down 35.3 points, or 0.69 per cent, at 5052.7 points. On the ASX 24, the September share price index futures contract was 41 points lower at 5019 points, with 6273 contracts traded. National turnover was 207 million securities worth $311 million.