Woolworths Group dropped 6.6 per cent after announcing Brad Banducci would retire as CEO. -AAP Image
The Australian share market has closed lower, with the big iron ore miners and a supermarket giant faring especially badly.
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The benchmark S&P/ASX200 index on Wednesday finished down 50.6 points, or 0.66 per cent, to 7,608.4, while the broader All Ordinaries dropped 51.5 points, or 0.65 per cent, to 7,860.0.
The Australian dollar was at a three-week high against its American counterpart, buying 65.68 US cents, from 65.33 US cents at Tuesday's ASX close.
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