Aust stocks set to open lower

Local market expected to slip in early trade following Wall Street plunge.

The Australian stock market looks set to open lower following a plunge on Wall Street as the US investors eye possible military intervention in Syria.

At 0700 AEST, the September share price index futures contract was down 55 points at 5,068.

In economic news on Wednesday, the Australian Bureau of Statistics is due to release construction work done figures for the June quarter, while Reserve Bank of Australia head of Payments Policy Department, Tony Richards, is speaking at IQPC's The Future of Digital Payments Conference.

In equities news, Woolworths (WOW), AGL Energy (AGK), Transfield Services (TSE), Charter Hall Group (CHC), Abacus Property Group (ABP) and Wotif.com Holdings (WTF) are expected to post full-year results.

Metcash (MTS) is slated to hold its annual general meeting.

In Australia, the market on Tuesday closed slightly higher despite concerns about a possible military response to Syria's unrest.

The benchmark S&P/ASX200 index was up 5.8 points, or 0.11%, at 5,141.2 points.

The broader All Ordinaries index was up 3.7 points, or 0.07%, at 5,130.8 points.