Daily brief
China's Foreign Ministry stated that the legitimate rights of Chinese companies should be fully protected, responding to reports that a Chinese envoy warned of retaliation if Australia were to force the sale of the Chinese-leased Darwin Port.
Pakistan and Australia are exploring a potential partnership in the mining sector.
Singaporean billionaire Chua Thian Poh's property firm Ho Bee Land has purchased an Australian property asset for $220 million.
Treasurer Jim Chalmers said inflation is not his fault, but faces pressure as a rate hike is seen as almost certain with inflation well above the RBA's target.
The ASX fell following the release of inflation data, and the Australian dollar retreated from a three-year high.