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ASX up, travel restrictions and 4 other things to start your day

A composite image of the ASX board showing company price changes and the inside of a busy Sydney airport.
The ASX is expected to edge up today and new restrictions on travellers from China come into effect. (Source: Getty)

ASX: The local share market is expected to edge higher this morning despite a night of choppy trade in the US.

China relations: Foreign Minister Penny Wong’s recent visit to China appears to be paying off, with China reportedly agreeing to resume Aussie coal imports.

It will be the first time the nation has imported Aussie coal since Beijing imposed the unofficial ban in 2020.

Travel restrictions: On the topic of international relations, restrictions on travellers entering from China have kicked in today.

Travellers will need a negative test from within 48 hours of departure to get into Australia, a move labelled "disproportionate and simply unacceptable" by China.

Political ads: Twitter says it will ease its three-year-old ban on political advertising. This is the latest change by Elon Musk as he tries to pump up revenue after purchasing the social media platform last year.

The company tweeted late on Tuesday (local time) that it would be “relaxing our ads policy for cause-based ads in the US".

Hitting the road: Sales of new cars and trucks in Australia topped 1 million in 2022, with the latest figures also set to confirm the exploding demand for electric vehicles.

The Federal Chamber of Automotive Industries will release the full-year figures today as the market continues to bounce back from issues associated with COVID lockdowns and supply concerns.

Biggest city: Melbourne is expected to overtake Sydney as the largest Australian city despite many fleeing Victoria's capital during the pandemic.

Melbourne’s population is expected to balloon from around 5 million in June 2022 to 6 million by 2031.

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