FEAR & GREED | Business News Tech, bitcoin sell-off; Westpac bankers go bush; Amazon, Temu, Shein to dominate
Nov 17, 2025
Markets are shaken as tech stocks and bitcoin see significant declines amid rising interest rate fears. Major energy companies back a net zero by 2050 initiative, reflecting a shift in industry standards. Amazon, Temu, and Shein are poised to dominate Australia’s online retail within the next year, posing challenges for local retailers. Meanwhile, Westpac announces a commitment to rural banking, sending bankers to regional areas. Lastly, political developments include PM Albanese's decision to dismiss co-hosting next year’s COP summit.
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Risk Off Hits Tech, Crypto And Big Caps
- Markets are in a 'risk off' mood with tech and crypto sold as investors fear higher rates and low information.
- Gold and other safe havens are rallying while major local stocks like CBA and BHP retreat.
Valuations And AI Doubts Weigh On Tech
- Tech stocks fall due to valuation concerns and doubts that AI spending will translate into earnings.
- Apple is outperforming as investors favour less aggressive capital spenders amid scepticism on AI hype.
ETF Market Growth Signals Risk Management
- The Australian ETF market has surged to $322 billion, driven by record net inflows and strong year-to-date flows.
- Investors are moving into ETFs as a low-cost, diversified way to manage risk during market uncertainty.