FEAR & GREED | Business News Afternoon Report | Markets surge
Dec 12, 2025
Markets are buzzing as the ASX 200 sees a 1.2% gain, led by miners and banks. Wall Street sets multiple records, with the S&P 500 and Dow hitting new highs. There's excitement around OpenAI's latest developments and a surge in Cisco shares. A government deal secures 1,000 jobs at the Tamago smelter amid economic challenges. Meanwhile, Reddit is challenging Australia's new social media age regulations. Plus, Hanwha gets the green light to increase its stake in Austal under strict conditions.
AI Snips
Chapters
Transcript
Episode notes
Local Market Rally Led By Miners
- The S&P/ASX 200 rose 1.2% to 8,697, powered by miners and gold stocks leading gains.
- Major banks and previously weak large caps like CSL and Macquarie also rallied, showing breadth in the move.
Wall Street And Commodities Hit Records
- US markets hit records across the S&P 500, Dow and Russell 2000 amid broad-based optimism.
- Commodities also rose, with gold, copper and silver reaching recent highs, reflecting commodity strength.
AI Drives Tech Optimism
- AI and tech developments are fueling optimism, with OpenAI launching ChatG 5.2 and major firms increasing AI investments.
- Cisco hit a 25-year share-price high and Disney announced a multi-billion dollar stake in OpenAI, boosting legacy tech sentiment.