Australian shares close at lowest in over a week; miners, banks weigh

Australian shares closed lower on Wednesday, with miners and banks weighing the most as investors assessed the impact of high interest rates on the economy after signals that the central bank’s tightening cycle may have run its course. The S&P/ASX 200 index finished down 0.6% at 8,834.50, its lowest close since October 26. The benchmark rose 0.3% in the previous session, after the Reserve Bank of…