Australia news updates live: Penny Wong urges expats to leave Ukraine; Brett Sutton defends Victorian school mask mandate; 23 Covid deaths



1.16am EST

01:16

Australian share market rebounds despite Ukraine crisis

Despite all the media coverage of Russia’s invasion of the would-be breakaway regions of Ukraine, it seems that investors weren’t too fussed today at least.

Australia’s benchmark ASX 200 share index ended 0.6% higher, not far off the highs for the day. Higher commodity prices, meanwhile, has propelled the Australian dollar to almost 72.5 US cents, or the highest in almost a fortnight, according to Reuters.

Elsewhere, stocks in China including Hong Kong and South Korea (doubt much trading goes on in the north), were also up about half a percent with trading still going on.

Not a bad outcome, then, after US shares dropped more than 1% overnight.

Closer to home, New Zealand’s central bank raised its key rate by 0.25 percentage points to 1%, with a warning that the rate is headed to more than 3% by next year, according to AP.

Australia’s Reserve Bank is not expected to be pushing the rate rise button at anything like that pace, but quickening wage risessuggest the first move might not be that far off.

Labor’s shadow treasurer Jim Chalmershas pointed out the 2.3% annual rise in wages in the December quarter from a year ago is well short of the 3.5% pace of consumer price increases. (The RBA looks at the underlying inflation rate, which is more like 2.6%.)

Meanwhile, investors lost a bit of faith in Mike Cannon Brookes and Brookfield offering much more than the $7.50 a share they are offering to take over AGL Energy. AGL’s shares dropped another 20 cents, or 2.5%. on Wednesday, to $7.65, to be just 2% above that bid price.

Updated
at 1.23am EST



12.43am EST

00:43

Penny Wong urges all Australians still in Ukraine to leave

Updated
at 1.01am EST



12.42am EST

00:42

Updated
at 12.59am EST



12.13am EST

00:13

Jai Wright’s family request privacy as they plan Sydney teenager’s funeral

Updated
at 12.19am EST



11.54pm EST

23:54

The top official at Ukraine’s embassy in Canberra has welcomed the Australian government’s announcement on sanctions, while suggesting countries should be ready to further expand the measures against Russia.

When contacted for comment, Volodymyr Shalkivskyi, the chargé d’affaires at the embassy, told Guardian Australia:


[The] government of Ukraine is grateful to the Australian side for joining [the] coalition of our partners who introduced new sanctions against Russia.

[The] impact of the sanctions depend on the unity and determination of the international community to react on Russian aggression against Ukraine.

We believe that expansion of the sanctions by our international partners is needed in order to deter [the] Kremlin from further escalation.

The prime minister, Scott Morrison, had indicated that Russia’s ambassador to Australia, Alexey Pavlovsky, was being called into the Department of Foreign Affairs and Trade for a meeting with the secretary this afternoon. Russia’s embassy has also been contacted for comment.

Updated
at 11.57pm EST



11.41pm EST

23:41

Updated
at 11.42pm EST



11.07pm EST

23:07

Updated
at 11.11pm EST



10.57pm EST

22:57

Sutton defends primary school mask mandate in Victoria

Updated
at 12.34am EST



10.42pm EST

22:42

Updated
at 10.48pm EST



10.21pm EST

22:21

NT records 864 new COVID cases



10.08pm EST

22:08



10.06pm EST

22:06