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AAP
AAP
Business
Derek Rose

Aust shares fall again ahead of Fed meeting, CPI report

US Federal Reserve United States Charu Chanana Inflation
Energy was the only sector not to drop on the ASX ahead of new US inflation data. (Steven Saphore/AAP PHOTOS)

The Australian share market has dropped significantly for a second day, with every sector except energy in the red ahead of two big risk events in the United States.

The benchmark S&P/ASX200 index on Wednesday finished 39.9 points, or 0.51 per cent, lower at 7,715.5, while the broader All Ordinaries dropped 42.8 points, or 0.53 per cent, to 7,963.1.

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