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The Australian share market has smashed through the 7,100 mark, resuming its record-breaking trajectory after investors shrugged off fears of a coronavirus epidemic.

The benchmark S&P/ASX200 index finished Wednesday up 66.4 points, or 0.94 per cent, at 7,132.7, while the broader All Ordinaries index closed up 68.5 points, or 0.95 per cent, at 7,249 as the market bounced back from a modest retreat on Tuesday.

The Australian dollar was buying 68.42 cents, down from 68.87 cents at Tuesday’s close.