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ABC News
ABC News
Business
business reporters Sue Lannin and Kate Ainsworth, wires 

ASX tumbles as China slows and inflation rises to 6.8pc, Philip Lowe says interest rate hikes are working — as it happened

The Australian share market has slumped to a two-month low after China's manufacturing industry contracted again, and annual inflation has risen to 6.8 per cent over the year to April, in a result worse than economists had predicted.

It comes after RBA boss Philip Lowe faced a grilling at Senate Estimates over interest rates. 

Disclaimer: This blog is not intended as investment advice.

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