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Business

Adrian Black

Australian shares fade after hitting new record

United States Australia China

The Australian share market hit a record high on the back of US-China trade negotiations. (Bianca De Marchi/AAP PHOTOS)

The Australian share market has pared early gains after hitting a fresh record peak, as investors took profits and de-risked ahead of key US inflation data due overnight.

The S&P/ASX200 on Wednesday closed 4.9 points, or 0.06 per cent, higher at 8,592.1, as the broader All Ordinaries gained 6.9 points, or 0.08 per cent, to 8,819.6.

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