FEAR & GREED | Business News Afternoon Report | ASX breaks 9000 points
Aug 21, 2025
The Australian stock market hits a remarkable milestone, surpassing 9,000 points, fueled by growth in industrial and financial sectors. Tensions arise during the Economic Reform Roundtable as stakeholders debate fiscal policies. Controversy brews as Xero investors reject a hefty pay packet for its CEO. Meanwhile, unions are pushing for more rights for remote work. Globally, Israel calls up reservists amid ongoing humanitarian concerns in Gaza, highlighting the interconnectedness of business and world events.
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ASX Hits 9,000 On Mixed Corporate Strength
- The ASX 200 pushed past 9,000 driven by strong corporate results and sector rotation into industrials and financials.
- Mixed company outcomes show headline indices can mask big divergences between winners and losers.
Political Blowup At Reform Roundtable
- The Economic Reform Roundtable saw a heated exchange between Treasurer Jim Chalmers and Ted O'Brien about spending and debt.
- NSW Treasurer had to intervene to keep the summit moving after the sharpest exchange of the three-day event.
Shareholders Rebuke Xero Pay Packages
- Nearly half of Xero shareholders rejected the remuneration report, signaling investor displeasure with US-level pay packages.
- The vote is a strong message even though New Zealand rules mean no formal first strike occurs.