Aust shares rebound, shrugging off hawkish rate talk

The Australian share market has finished higher, rebounding from a two-day sell-off prompted by fears that interest rates won't fall as quickly as some had hoped.

The benchmark S&P/ASX200 index on Wednesday closed up 34.2 points, or 0.45 per cent, to 7,615.8, erasing most of its losses on Tuesday.

The broader All Ordinaries rose 42 points, or 0.54 per cent, to 7,850.9.

The Australian dollar was buying 65.26 US cents, from 65.13 at Tuesday's ASX close.

Austrlaian Associated PressBack to Breaking News

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