(Updates to close)
SYDNEY, July 6 (Reuters) - Australian shares fell on Wednesday as fears over the stability of European Union dragged the index to a one-week low.
The S&P/ASX 200 index .AXJO closed down 0.58 percent at 5,197.5 points, after hitting a session low of 5,148.7.
Wednesday's close was the lowest since June 30. The benchmark shed percent on Tuesday.
New Zealand's benchmark S&P/NZX 50 index .NZ50 rose 0.1 percent or 6.2 points to finish the session at 6,977.23 points.