Aust stocks retreat at noon

Local market pares early gains of more than half a per cent in afternoon trade.

The Australian stock market pared early gains of more than half a per cent to be flat at noon, after a a strong performance on overseas markets overnight.

At 1205 AEDT, S&P/ASX200 index fell 0.11 per cent to 5,311.2 points, while the broader All Ordinaries index decreased 0.1 per cent to 5,313.3 points.

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