FEAR & GREED | Business News Afternoon Report | Broad-based sell-off
Aug 26, 2025
Markets took a hit today, with the ASX finishing lower amid global sentiment shifts. A concerning arson attack linked to Iran raised political tensions. Investors are bracing for potential rate cuts, while telcos may face tougher penalties ahead. Meanwhile, in U.S. politics, Trump throws a curveball by attempting to oust a Federal Reserve governor. It's a whirlwind of financial updates and geopolitical intrigue in just a few minutes!
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Broad-Based Market Drop
- The ASX 200 fell 0.4% in a broad-based sell-off with eight of 11 sectors down.
- Global sentiment weakened after news President Trump tried to sack a Fed governor, hitting miners hardest.
Miners Hit By Iron Ore Weakness
- Miners were punished after weaker iron ore prices and company earnings.
- Fortescue reported a 41% profit fall and its shares closed nearly 4% lower.
Earnings Drive Divergent Moves
- Consumer staples and some tech stocks outperformed on earnings reactions.
- Coles jumped 8.6% after a bumper result and Nuix rose 17% on analyst reappraisal.