ASX gains 0.2pct after inflation read 27 July 2022

The Australian share market has rebounded from its morning losses to finish in the green after inflation data came in slightly below expectations.

The benchmark S&P/ASX200 index on Wednesday closed up 15.9 points to 6823.2, a 0.23 per cent rise. The index had been as low as 6780, down 0.4 per cent from Tuesday, but jumped 24 points in three minutes following the 11.30am data release.

The broader All Ordinaries finished up 12.9 points, or 0.18 per cent, to 7038.1.

The Aussie dollar was buying 69.34 US cents, from 69.69 US cents at Tuesday’s close.

Derek Rose
(Australian Associated Press)

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