FEAR & GREED | Business News
Afternoon Report | ASX, budgets and leaks
Mar 25, 2025
Dive into the day's market pulse as ASX 200 remains flat with tech stocks in focus. Discover the latest political buzz with the Prime Minister's new budget promises. The discussion also questions whether GST could be considered a tariff. Plus, insights into a White House leak and the struggles of the AUD make for an engaging listen. It's a quick roundup of economics and politics that could impact your wallet!
04:07
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Quick takeaways
- The S&P ASX 200 showed slight growth, driven by strong performance in technology and healthcare sectors despite challenges for companies like James Hardies.
- Prime Minister Albanese's budget proposals aim to alleviate cost of living pressures for Australians, while concerns regarding U.S. tariff classifications on GST persist.
Deep dives
Market Performance and Investor Sentiment
The S&P ASX 200 experienced a slight increase, closing at 7,943 points, with technology and healthcare sectors showing strong performance. However, James Hardies faced significant losses, with shares down 5% following a 15% drop the previous day due to concerns about the feasibility of its $14 billion acquisition bid for ASEC. Additionally, Empol projected repair costs of $35 million related to damages caused by ex-tropical cyclone Alfred, indicating further challenges for businesses in the region. These developments reflect a cautious investor sentiment amidst mixed performances in other sectors, particularly banking.
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