ASX drops sharply after Wall St tumbles — as it happened

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Market News Brief

Summary

Global markets experienced significant declines, with the ASX falling sharply in response to a Wall Street tumble. TPG Telecom led the losses due to a capital return event, while technology stocks were major detractors. Key economic data from China disappointed, and analysis on various assets and companies was provided.

Key Points

  • ASX Performance: ASX 200 fell 1.3%, erasing roughly $37 billion from the market. Technology stocks and major miners like BHP (-1.3%) drove the decline.
  • Wall Street Impact: S&P 500 (-1.7%) and Nasdaq (-2.3%) dropped overnight, setting a negative tone for Asian markets.
  • Notable Stock Moves: TPG Telecom plummeted ~32% as it traded ex-dividend for a $3 billion capital return. Commonwealth Bank (CBA), the ASX’s largest stock, fell 1.8%.
  • Webjet Shareholder Revolt: Facing a 9% share price drop and a 20% two-day loss, the company is confronting a shareholder revolt led by Gary Weiss, who criticizes its strategy and board alignment.
  • China Economic Data: October data showed a slowdown in industrial production (4.9% vs 6.5% prior) and soft retail sales (2.9%), though urban unemployment slightly improved to 5.1%.
  • Commodities & Crypto: Bitcoin fell below $99,000, down over 20% from its October high. Gold rose (~+0.5%), while iron ore was flat.
  • Energy Policy Analysis: IEEFA’s CEO stated extending coal plants is unlikely to reduce power prices, while fixing the gas market is urgent for affordability.
  • Product Recall: Officeworks issued a national recall for Kadink play sand due to traces of asbestos, though a risk assessment deemed the safety risk “negligible.”

市场新闻简报

总结

全球市场经历显著下跌，受华尔街暴跌影响，澳大利亚股市（ASX）大幅下挫。TPG电信因资本回报事件领跌，科技股是主要拖累因素。来自中国的关键经济数据令人失望，同时提供了关于各类资产和公司的分析。

关键点

  • ASX 表现： ASX 200指数下跌1.3%，市值蒸发约370亿澳元。科技股和必和必拓（BHP，-1.3%）等主要矿商股领跌。
  • 华尔街影响： 标准普尔500指数（-1.7%）和纳斯达克指数（-2.3%）隔夜下跌，为亚洲市场定下负面基调。
  • 显著个股变动： TPG电信暴跌约32%，因其进行30亿澳元资本回报而除息。联邦银行（CBA）作为ASX最大成分股，下跌1.8%。
  • Webjet 股东抗议： 该公司股价下跌9%，两日跌幅近20%，正面临由Gary Weiss领导的股东抗议，其批评公司的战略和董事会与股东利益不一致。
  • 中国经济数据： 10月份数据显示工业产出放缓（4.9%，前值6.5%），零售销售疲软（2.9%），但城镇调查失业率微降至5.1%。
  • 大宗商品与加密货币： 比特币跌破99,000美元，较10月高点下跌超20%。黄金上涨（约+0.5%），铁矿石价格基本持平。
  • 能源政策分析： IEEFA首席执行官表示，延长燃煤电厂寿命不太可能降低电价，而解决天然气市场问题对于提高可负担性至关重要。
  • 产品召回： Officeworks因检测到石棉痕迹，在全国召回Kadink品牌玩沙，尽管风险评估认为安全风险”可忽略不计”。

Original Article Link: https://www.abc.net.au/news/2025-11-14/asx-markets-business-live-news-14-nov/106008690

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