FEAR & GREED | Business News Afternoon Report | ASX slumps on strong jobs growth
Nov 13, 2025
Australia reports a surge of 42,200 jobs, but the ASX takes a hit amid concerns over rate cuts and a dip in tech stocks. Corporate updates reveal Guzman's cautious outlook and Orica's strong performance, while GrainCorp faces profit challenges. In a significant move, Rio Tinto halts its Serbian lithium mine project due to competition and licensing hurdles. Meanwhile, newly released emails intensify scrutiny on Trump regarding Epstein, stirring political controversy.
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Jobs Data Slumps The ASX
- Strong jobs growth knocked the ASX 200 down, reducing chances of an interest rate cut next year.
- Tech stocks led declines while gold miners and Newmont outperformed amid market rotation.
Leader Share Sales Trigger Sharp Sell-Off
- Techs and specific small caps were hit hard after company-specific news and reporting beats/misses.
- CEO insider selling at DroneShield triggered a 31.5% plunge, showing sensitivity to leadership share sales.
Liberal Party Drops Net Zero Target
- The Liberal Party formally abandoned its net zero 2050 commitment and plans to repeal 2030 legislation.
- They will stay in the Paris Agreement but set five-year interim targets and prioritize affordability.