Aust stocks close weaker

Local market falls amind lacklustre sessions across Asia on tapering, Syria worries.

The Australian stock market closed lower today amid lacklustre sessions across Asia as investors worry about the Syrian crisis and tapering in the United States.

At 1205 AEST, the benchmark S&P/ASX200 index fell 0.67% to 5,161.6 points, while the broader All Ordinaries index lost 0.62% to 5,156.5 points.

IG analyst Stan Shamu said markets across Asia are in "wait and see" mode on the Syria crisis.

"With the Republicans seemingly willing to play ball with President Obama on a Syria strike, the thought of war is becoming a reality for some investors," Mr Shamu said.

United States manufacturing activity rose to its highest point this year, which Mr Shamu said was a negative for equities as tapering talk ramped up again.

He said falls in the local market today were not unexpected.

"After having just poked its head above 5,200 yesterday, a pullback is not too surprising as investors struggle to hold their nerves as we approach the year’s highs.

"The only few bright spots in the market today are gold names."

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