Shares pare early losses but linger at five-week lows

Buyers stepped in to stem early losses but Australian shares still finished in the red on Wednesday. (Dan Himbrechts/AAP PHOTOS)

A late bounce has failed to take Australia's share market higher as economic concerns, weaker commodity prices and valuation worries weigh on sentiment.

The S&P/ASX200 fell 11.7 points on Wednesday, down 0.13 per cent to 8,802 as the All Ordinaries fell 27 points, or 0.3 per cent, to 9,071.2.