October 23, 2013 / 5:18 AM / 4 years ago

Australia shares reverse, snap six sessions of gains

(Updates to close)

SYDNEY, Oct 23 (Reuters) - Australian shares reversed early gains and fell 0.3 percent on Wednesday, snapping a six-day winning streak, as higher-than-expected inflation data reduced the odds of further interest rate cuts.

The S&P/ASX 200 index fell 17.1 points to finish at 5,356.1. The benchmark rose 0.4 percent on Tuesday.

New Zealand's benchmark NZX 50 index rose 0.9 percent to finish at a fresh record high of 4,876.4. (Reporting by Thuy Ong; Editing by Kim Coghill)

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