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AAP
AAP
Business
Adrian Black

Shares drop as rising inflation sparks broad sell-off

United States Inflation Iran ASX Santos Woodside
The Aussie share market has lost ground as investors fear more bad news on global economic growth. (Joel Carrett/AAP PHOTOS)

Australia's share market is trading at seven-week lows, with all but one local sector in the red after a bond sell-off articulated investor fears for global economic growth.

The S&P/ASX200 fell 108.1 points, or 1.26 per cent on Wednesday, to 8,496.6, as the broader All Ordinaries lost 112.5 points, or 1.27 per cent, to 8,717.

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