FEAR & GREED | Business News Afternoon Report | ASX hits new record
Aug 6, 2025
Discover how the ASX 200 index just soared to new heights, marking a historic milestone for the market. Dive into the latest corporate earnings that are shaking things up. Learn about key housing reforms and their potential impact, plus what to expect from looming US trade tariffs affecting various industries. A whirlwind tour of today’s most pressing business news awaits!
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ASX Hits Record High
- The ASX 200 reached an all-time high at 8,844 points driven by local growth confidence and rate cut hopes.
- Banks and interest rate sensitive sectors like Wesfarmers outperformed, while defensive stocks lagged.
News Corp Earnings Up
- News Corp's half-year profit rose 14% to $1.4 billion driven by REA and Dow Jones earnings growth.
- Declines at HarperCollins and news divisions were offset by double-digit gains in digital and property assets.
Focus on Housing Reform
- Housing reform is expected to be a key topic at the government’s upcoming productivity roundtable.
- Policymakers show strong commitment as significant funds are flowing into this sector.