Aust stocks flat at noon

Local market pares early losses as banks lead recovery, despite fears over Syrian crisis

The Australian stock market recovered from a sharp early fall to sit flat at noon, as the banking sector rallied, despite growing fears over as escalation in the Syrian crisis.

At the 1205 AEST official market open, the benchmark S&P/ASX200 index was flat at 5,135.5 points, while the broader All Ordinaries index edged 0.05% lower to 5,124.7 points.

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