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AAP
AAP
Business
Derek Rose

Australian shares fall as miners dip, Woolies plunges

Woolworths Group
Woolworths Group dropped 6.6 per cent after announcing Brad Banducci would retire as CEO. (Joel Carrett/AAP PHOTOS)

The Australian share market has closed lower, with the big iron ore miners and a supermarket giant faring especially badly in another busy day for earnings season.

The benchmark S&P/ASX200 index on Wednesday finished down 50.6 points, or 0.66 per cent, to 7,608.4, while the broader All Ordinaries dropped 51.5 points, or 0.65 per cent, to 7,860.0.

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