FEAR & GREED | Business News Afternoon Report | ASX worst day since April
Sep 3, 2025
The Australian stock market faced a tough day with a 1.8% drop across all sectors, sparking concerns. Meanwhile, gold prices surged amid rising economic uncertainty. Discussions also highlighted pressing issues in aged care, including a shortage of home care packages for seniors. On the political front, a former state premier faced backlash for his engagement in a military parade in China. Additionally, a US military operation targeting drug trafficking terrorists added to the global intrigue.
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Broad Market Sell-Off From Rate Shift
- The S&P/ASX 200 plunged 1.8% in its worst day since April with all 11 sectors down.
- Rising government bond yields after stronger Q2 growth hit rate-sensitive tech, banks and property stocks hard.
Gold Rally As Investors Flee Risk
- Gold surged to a new record near US$1,603 an ounce amid US Fed uncertainty and market unease.
- Local gold miners outperformed as investors sought a safe haven.
Act Now On Aged Care Capacity
- The federal government agreed to immediately fund 20,000 new home care packages to reduce a growing shortfall.
- Expect the remaining promised packages to roll out through 2026, easing pressure on seniors and hospitals.