The local market lost most of its morning gains to finish the day down. -AAP Image
Australian shares have edged slightly lower on Wednesday, but outperformed indexes in Asia and US futures with help from the financial sector.
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The S&P/ASX200 was down 4.1 points, or 0.05 per cent, as final trades were settled, to 7757.6, as the broader All Ordinaries lost 9.4 points, or 0.12 per cent, to 7960.5.
Despite closing lower, the local bourse was in better shape than Japan's Nikkei, down one per cent, Hong Kong's Hang Seng index, which fell 2.5 per cent and US Nasdaq futures, which were pointing 2.2 per cent lower after the US announced further restrictions on Nvidia microchip sales to China.
Six of 11 local sectors were in the red with energy stocks down 2.6 per cent, but a 0.8 per cent lift in financials helped the bourse narrow its losses elsewhere.
The Australian dollar narrowed losses from an overnight dip to buy 63.52 US cents, down slightly from 63.59 US cents on Tuesday at 5pm.
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