FEAR & GREED | Business News Afternoon Report | ASX tumbles
Nov 18, 2025
The ASX takes a significant hit, dropping 1.9% as a tech slump wipes $60 billion from the market. Technology One faces a steep 17.2% decline despite reported profit gains, raising eyebrows among investors. Westpac's CEO pushes for mid-priced homes to tackle the housing crisis. Political shifts in Victoria and NSW stir the waters ahead of looming elections. Meanwhile, Trump hints at possible troop deployments to Venezuela, adding a layer of international tension.
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Market Slide Driven By Tech Anxiety
- The ASX 200 fell almost 2% with $60 billion wiped out, marking its lowest level since June.
- Tech stocks led losses, down about 6% amid interest-rate uncertainty and concern over NVIDIA's upcoming results.
Guidance Silence Sparks Big Sell-Off
- Technology One plunged 17.2% despite profit rising 19% because recurring revenue missed expectations.
- The company withheld FY26 guidance, and investors punished the stock for the lack of forward visibility.
Focus Housing Supply At Key Price Band
- Build more homes priced around $500k–$600k to ease affordability pressure for most Australians.
- Anthony Miller urged a focused effort on supplying properties at that price point to help the majority enter the market.