Aust stocks lower at noon

The market edged lower in thin morning trade.

The Australian stock market edged lower at noon after concerns about a possible military strike on Syria eroded Wall Street's early gains.

At 1205 AEST, the benchmark S&P/ASX200 index lost 0.73% to 5,158.6 points, while the broader All Ordinaries index fell 0.69% to 5,153.1 points.

In economic news the Australian Bureau of Statistics released national accounts figures, which showed growth in gross domestic product was in line with expectations for the June quarter.

Meanwhile, the Australian Industry Group/Commonwealth Bank Australian Performance of Services Index (PSI) for August was released, with the survey showing the sector experienced its lowest level of activity since the GFC.

No major equities news is expected.

In Australia, the market on Tuesday edged higher despite disappointing figures on retail sales and Australia's widening current account deficit.

The benchmark S&P/ASX200 index gained 8.3 points, or 0.16%, to 5,196.6 points.

The broader All Ordinaries index added 10.9 points, or 0.21%, higher to 5,188.9 points.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free