FEAR & GREED | Business News Afternoon Report | ASX dips on Trump fears
6 snips
Jan 21, 2026 The ASX takes a hit following Wall Street's plummet, sparked by tariff threats. BHP is closing in on Commonwealth Bank as gold prices soar, boosting miners. In political drama, three Nationals senators resign over a controversial hate speech vote. Excitement grows for the Aussie space industry with a $75 million investment in Gilmore Space’s launch capabilities. Meanwhile, UK's concerns about cybersecurity on Chinese-made buses raise alarms, while Air Force One's electrical issues lead to a quick plane switch for Trump.
AI Snips
Chapters
Transcript
Episode notes
Markets React Swiftly To Geopolitical Rhetoric
- Global market jitters over US political moves can quickly drag the ASX lower, as seen with a 0.4% fall after Wall Street losses.
- Tech and major banks led declines while miners and gold stocks rallied, showing sector divergence under geopolitical stress.
Gold Surges As Investors Seek Safety
- Gold broke past $4,800 an ounce, driving big gains for miners like Newmont and Evolution Mining.
- Precious metals acted as a safe haven while equities in tech and banks fell.
Coalition Strain Over Hate Speech Vote
- Coalition tensions deepened as three Nationals senators quit the shadow cabinet after defying party stance on hate speech laws.
- The resignations underscore fragility in the coalition since last year's election.