FEAR & GREED | Business News Afternoon Report | ASX closing record
Jun 10, 2025
The ASX 200 hits a record high fueled by market optimism and sector performances. There’s a dramatic tumble from Monash IVF Group that raises eyebrows. Exciting merger deals are in the air, signaling potential changes in business dynamics. A warning emerges regarding superannuation funds and their cybersecurity measures. Plus, new regulations for ASX listings promise to shake up the market. It's a bustling day in business news!
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ASX Hits Record High
- The ASX 200 reached a record high driven by energy, tech, and banking sectors.
- Positive US-China trade hopes and potential local interest rate cuts fueled the gains.
Monash IVF Embryo Transfer Errors
- Monash IVF mistakenly transferred embryos twice recently, causing wrong-parent births and errors.
- The company is investigating and the share price dropped 27% today.
Austal Takeover Approval Insight
- South Korea's Henwar Group received U.S. approval to buy Australian shipbuilder Austal.
- The Forrest family opposes the takeover despite Henwar's increased stake ambitions.