Resources and energy weigh as Aussies stocks fall at open

Australian shares fell over one percent lower at Thursday's open as falls in commodities and energy overnight on a strengthening greenback fuel selling.

At 1011 AEDT on Thursday, the benchmark S&P/ASX200 index was down 57.0 points, or 1.08 per cent, at 5,201.3, while the broader All Ordinaries index was down 54.9 points, or 1.03 per cent, at 5,249.8.

Comment from U.S. Federal Reserve chair Janet Yellen overnight firmed support for a December lift off in official interest rates, which saw the greenback strengthen causing heavy falls in commodities and energy, weighing on the local sector.

The key decider for the local benchmark today is whether strong demand for high-yielding stocks such as the banks and high-cap retail stocks will stem the decline from the inevitable "difficult day for commodity-related stocks," IG market analyst Angus Nicholson said.

At 1020 local time, BHP Billiton had fallen 1.87 percent, Rio Tinto lost 2.15 percent while gold miner Newcrest was down 1.53 percent.

Oil Search slid 2.05 percent, Santos slumped 2.34 percent after coming out of a trading halt while Woodside Petroleum is 1.76 percent weaker.

ANZ slipped 0.18 percent, the Commonwealth Bank of Australia is down 0.89 percent, the National Australia Bank lost 0.67 percent and Westpac is 0.76 percent lower.

Wesfarmers is down 0.36 percent while Woolworths is down 0.89 percent.

Telstra fell 0.63 percent however Qantas gained 0.81 percent. Endit