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Business

business reporter Rhiana Whitson

ASX falls as annual inflation hits 7.8pc, Wall Street lower, Murdoch drops Fox News Corp plans, US sues Google

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The Australian share market has dropped on Wednesday, ending a five-day winning streak, as inflation hits 7.8 per cent.

The higher-than-expected jump in consumer prices has all but cemented another rate hike. It follows US stocks ending a mixed session, while Google is being sued by the US Justice Department and Rupert Murdoch has walked away from a proposal to reunite News Corp and Fox.

See how the trading day unfolded on Wednesday January 25.

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