

Afternoon Report | Stellar week for ASX
Aug 15, 2025
Markets celebrated as the ASX hit record highs, thanks to remarkable performances from major companies like Ampol and Cochlear. Baby Bunting stunned with its soaring earnings and plans for extensive growth in the baby goods sector. Meanwhile, Australia’s Prime Minister faced backlash over his stance on Palestine amid U.S. criticism. In a bold response, the Commonwealth Bank CEO voiced concerns about a proposed corporate tax, arguing it could harm the economy. It's a dynamic blend of financial triumphs and political controversy!
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ASX Hits Consecutive Record Highs
- The ASX set record closing highs every day this week, finishing at 8,939 points.
- Financials led gains with all big four banks higher and notable lifts in Ampol and Cochlear.
Baby Bunting's Big Bounce
- Baby Bunting shares jumped over 40% after a bumper earnings result and plans to double its store network.
- The retailer is also launching a media arm and same-day delivery via Uber to win more parents' spending.
PM Frames Recognition As Two-State Momentum
- Anthony Albanese defended recognising a Palestinian state as advancing momentum towards a two-state solution.
- He dismissed US criticism, urging focus on Australia's interests and warning about Hamas propaganda in media reporting.