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AAP
AAP
Business
Derek Rose

Australian shares flat after NZ's hawkish surprise

Telstra Webjet ASX
The share market finished the day relatively flat despite some major movements among stocks. (Steven Saphore/AAP PHOTOS)

The Australian share market has given up its early gains to finish basically unchanged after central bankers across the ditch pushed back the timing of interest rate cuts.

The benchmark S&P/ASX200 index on Wednesday finished down 3.6 points, or 0.05 per cent, to 7,848.1, while the broader All Ordinaries dropped 1.9 points, or 0.02 per cent, to 8,118.3.

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