Australian Shares Hit Record High but Close Lower

The benchmark S&P/ASX200 index early on April 2 hit a record intraday high of 7,910.5, but finished down 8.9 points at 7,887.9—a drop of 0.11 percent.

The indicator board at the Australian Securities Exchange (ASX) is seen in Sydney, Australia, on Feb. 5, 2019. AAP Image/Dan Himbrechts

The Australian share market has closed slightly lower after failing to sustain a morning push into record territory despite the release of dovish Reserve Bank minutes.