FEAR & GREED | Business News Afternoon Report | ASX wobbles amid tariff uncertainty
Feb 24, 2026
Markets roundup highlighting tech stocks sliding while the ASX holds steady. Movers in insurance and energy as oil and commodities push some sectors higher. A high-profile banking pay dispute is dropped. Airlines ramp up loyalty promotions and status giveaways. A prominent political figure is reported to be embroiled in an investigative probe.
AI Snips
Chapters
Transcript
Episode notes
AI Fears Hit Australian Tech Stocks
- Tech stocks fell after Nasdaq selling as investors worry AI will disrupt established software business models.
- WiseTech, Zero and Technology One slid 3.7%, 4.6% and nearly 4% respectively amid broader investor reassessment of AI risk.
Rising Oil Boosts Energy And Miners
- Energy stocks outperformed as oil rose above US$72 a barrel, the highest in over six months.
- Woodside rallied despite a 24% fall in full-year profit and lithium miners like Liontown jumped heavily.
Shane Elliott Abandons ANZ Bonus Lawsuit
- Ex-ANZ CEO Shane Elliott dropped a lawsuit seeking over $13.5m in bonuses after ANZ clawed them back following compliance failures.
- Both sides covered legal costs and ANZ says no payments or commitments were made on discontinuation.