FEAR & GREED | Business News Afternoon Report | ASX rebounds
Aug 20, 2025
The latest market news highlights a significant rebound in the ASX 200, showcasing a recovery in the materials sector. Wage growth is on the rise, indicating positive economic trends. Canva makes headlines with a major employee stock sale that could reshape its financial landscape. Additionally, there's an urgent recall of frozen shrimp connected to safety concerns at Walmart, sparking discussions about food safety standards. Tune in for quick insights on these pivotal developments!
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ASX Rebounds While Some Stocks Tumble
- The S&P/ASX 200 rebounded 0.3% to 8,918 with seven sectors higher, led by banks.
- Materials and healthcare fell after heavy hits to James Hardy and CSL dragged sentiment.
Earnings Guidance Can Cripple Share Prices
- James Hardy plunged nearly 28% after guidance missed and three-year net income fell 60% to June.
- CSL dropped further after investor backlash, reinforcing downward pressure on sector indices.
NDIS Overhaul Targets Young Children
- The government will move thousands of autistic or developmentally delayed children out of the NDIS into 'Thriving Kids' from 2027.
- Mark Butler says the NDIS suits permanent disability and growth must be capped to sustain the scheme.