Aust stocks sharply lower at noon

Local market sinks more than 1.2% on heightened Syria fears.

The Australian stock market has widened losses to more than 1.2% as the possibility of United States military intervention in Syria spooked investors. 

At 1205 AEST, the benchmark S&P/ASX200 index fell 1.24% to 5,077.5 points, while the broader All Ordinaries index dropped 1.23% to 5,067.7 points.

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