The Australian share market has closed down again amid interest rate hikes and fuel security woes. -AAP Image
Australia's share market has fallen for four of the past five weeks, following a storm of profit warnings, earnings disappointments, interest rate hikes and fuel security woes.
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The S&P/ASX200 fell 9.9 points on Friday, down 0.11 per cent to 8,630.8, as the broader All Ordinaries dipped 14.1 points, or 0.16 per cent, to 8,870.6.
The exchange's recent direction has diverged from most of its global counterparts, particularly Wall Street's S&P500 and tech-heavy Nasdaq indices, which have been resetting record highs every week since mid-April.
CommBank shares rebounded for a second session following Wednesday's almost $30 billion sell-off after a trading update disappointed investors.Â
The Australian dollar is buying 71.59 US cents, down from 72.61 US cents on Thursday at 5pm after better-than-expected US economic data raised the odds of future Federal Reserve interest rate hikes.
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