FEAR & GREED | Business News Afternoon Report | ASX rebounds
5 snips
Nov 24, 2025 The ASX saw a 1.3% rebound, fueled by positive Nvidia results and shifting US rate expectations. Cube shares soared nearly 20% due to a massive takeover bid. Cybersecurity became a hot topic with new precautions during a Chinese delegation visit. The Bureau of Meteorology's website overhaul faced scrutiny after costs ballooned from $4.1 million to a staggering $96.5 million. Additionally, ASIC reported record enforcement actions, securing $311 million in four months, while the DOGE agency was recently shut down.
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ASX Rebounds After Tech-Led Sell-Off
- The ASX 200 rebounded 1.3% to 8,525 after a recent sell-off tied to Nvidia results and rate fears.
- Tech names and big banks led the recovery while deal activity boosted specific stocks like Cube and BHP.
Lock Down Devices During Sensitive Visits
- MPs were told to switch off non-essential internet-connected devices during the Chinese delegation visit.
- Update and lockdown any devices that must remain on to reduce cyber risk, reflecting official warnings about China-linked espionage.
BOM Overhaul Cost Far Exceeded Estimates
- The Bureau of Meteorology's website rebuild cost $96.5 million, far above the initially reported $4.1 million.
- The overhaul is part of an $866 million decade-long IT upgrade prompted by a 2015 cyber intrusion and followed a heavily criticised launch.