Aust stocks close flat
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The Australian stock market reversed early losses to close flat today as nervousness over possible action against Syria eases slightly.
At 1615 AEST official market close, the benchmark S&P/ASX200 index inched up 0.1% to 5,092.4 points, while the broader All Ordinaries index also edged up 0.1% to 5,083.1 points.
IG analyst Stan Shamu said the safe-haven trade reversed in the United States as the Syria situation somewhat calmed.
"Some reports [are] downgrading the threat of a strike from imminent to measured,' Mr Shamu said.
"This relieved equities from some of the pressure they’ve been under since the Syria threat escalated."
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