$63bn wiped from ASX | 5 weeks of annual leave proposed | Chinese car sales lead in Australia

Concerns about the Middle-East war sparking global inflation has lead to a sell-off on markets around the world including in Australia; the ACTU proposes workplaces offer 5 weeks of annual leave; the FCAI says for the first time ever, Chinese car sales overtake the sale of Japanese cars in Australia SBS News is Australia's trusted news source for the latest news from Australia and across the world. Subscribe to the SBS News YouTube channel: https://www.youtube.com/@SBSNews Follow SBS News on Instagram: https://www.instagram.com/sbsnews_au Follow SBS News on TikTok: https://www.tiktok.com/@sbsnews_au Follow SBS News on X: https://www.twitter.com/SBSNews Follow SBS News on Facebook: https://www.facebook.com/sbsnews Apple News: https://trib.al/MTx0gUe For the latest news, visit www.sbs.com.au/news Network Terms & Conditions: https://sbs.com.au/terms Privacy Policy: https://sbs.com.au/privacy Feedback or complaints: https://sbs.com.au/complaints