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AAP
AAP
Business
Adrian Black

Australian share gains derailed by inflation surprise

Inflation United States Woolworths
Australian shares reversed an early lead due to sticky inflation figures. (Lukas Coch/AAP PHOTOS)

Australia's share market has handed back an early lead to end the session lower, after hotter-than-expected inflation figures raised the odds of incoming interest rate hikes.

The S&P/ASX200 fell 36.8 points on Wednesday, down 0.4 per cent, to 9,127.8, as the broader All Ordinaries lost 36.1 points, or 0.39 per cent, to 9,338.8.

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