SYDNEY: Australian shares closed 0.4 percent lower on Wednesday, clawing back earlier losses on hopes that the US Federal Reserve will stick to its stimulus policy.
The S&P/ASX 200 index lost 20.1 points to close at 4,967.3, according to the latest data, its lowest since February 12. The benchmark had lost 0.6 percent on Tuesday.
New Zealand's benchmark NZX 50 index ended up 0.1 percent at 4,349.4.
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