IBM shares nosedived, but that didn't stop share markets from rising | Finance Report | ABC NEWS

The Australian share market gained ground on Wednesday after weaker-than-expected US inflation figures boosted Wall Street and reduced the likelihood of the Federal Reserve lifting interest rates.

Oil prices jumped again after the US reimposed its naval blockade on Iranian ports and Donald Trump abandoned his plans to charge ships a 20 per cent protection fee for crossing the Strait of Hormuz.

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