Aust stocks close flat

Local market little changed despite worries over Syrian crisis and US response.

The Australian stock market closed flat today amid fears over escalation in the Syrian crisis, as United States Secretary of State John Kerry said the president would hold the country to account for the use of chemical weapons.

At 1615 AEST official market close, the benchmark S&P/ASX200 index edged up 0.11% to 5,141.2 points, while the broader All Ordinaries index inched 0.07% higher to 5,130.8 points.

IG analyst Chris Weston said investors were comparatively calm in today's session, showing a change in attitudes.

"Turn the tables back a couple of years and we suspect we would be seeing global markets in free-fall at present," Mr Weston said.

"Is it complacency or is it that the market has done its homework and genuinely thinks that the foreseeable risks will sort themselves out with limited impact on future earnings streams?"

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