
The Australian share market has given up its modest gains and closed basically flat after a hotter-than-expected third-quarter inflation readout increased the odds of another rate hike next month.
The benchmark S&P/ASX200 index on Wednesday finished down 2.6 points, or 0.04 per cent, to 6,854.3, while the broader All Ordinaries rose 0.7 points to 7,046.3.