Market & Business News Brief
Summary
Global markets rose on positive US-China trade talk developments, with the ASX 200 gaining 0.4%. Key developments include legal action against Microsoft by the ACCC, a sell-off in rare earth stocks, and new data on China’s industrial profits.
Key Points
- Markets Rally: ASX 200 up 0.4%, following global gains on hopes for progress in US-China trade talks ahead of an expected Trump-Xi meeting.
- ACCC vs. Microsoft: The Australian Competition and Consumer Commission is taking legal action against Microsoft, alleging it misled customers about Office 365 subscription options and pricing.
- Rare Earths Slump: Shares in rare earth miners fell sharply (e.g., Lynas -3.2%, Iluka -7.2%) as US-China trade tensions eased, reducing the sector’s speculative appeal.
- China Data: China’s industrial profits rose 21.6% in September, marking the second straight month of growth, though analysts caution the recovery may be fragile.
- Subscription Concerns: A report from the Consumer Policy Research Centre found 75% of Australians with subscriptions have difficulty canceling them.
- Investor Compensation: Netwealth has asked the government for financial assistance to compensate investors who lost about $101 million in the collapsed First Guardian scheme. Equity Trustees is considering a similar move.
- AI Investment Warning: Analyst Gerard Minack warns that massive AI-related capital expenditure by tech giants will require implausibly high future revenues to generate adequate returns, risking a future market downturn.
- Key Data Ahead: Australia’s Q3 CPI report this week is critical and could influence the RBA’s decision on interest rates at its November meeting.
市场与商业新闻简报
总结
由于中美贸易谈判取得积极进展，全球市场上涨，ASX 200指数上涨0.4%。主要动态包括澳大利亚竞争与消费者委员会对微软采取法律行动、稀土类股票遭抛售以及中国工业利润新数据公布。
关键点
- 市场反弹：ASX 200指数上涨0.4%，跟随全球市场因对中美贸易谈判取得进展的期望而上涨，预计特朗普与习近平将举行会晤。
- ACCC起诉微软：澳大利亚竞争与消费者委员会对微软采取法律行动，指控其在Office 365订阅选项和定价方面误导客户。
- 稀土股下跌：随着中美贸易紧张局势缓和，削弱了该行业的投机吸引力，稀土矿商股价大幅下跌（例如，Lynas -3.2%, Iluka -7.2%）。
- 中国数据：中国9月份工业利润增长21.6%，连续第二个月增长，但分析师警告复苏可能脆弱。
- 订阅服务问题：消费者政策研究中心的报告发现，75%拥有订阅服务的澳大利亚人在尝试取消时遇到困难。
- 投资者赔偿：Netwealth已请求政府提供财政援助，以赔偿在First Guardian计划崩溃中损失约1.01亿澳元的投资者。Equity Trustees正在考虑采取类似行动。
- AI投资警告：分析师Gerard Minack警告，科技巨头在AI相关资本支出上的巨额投资，未来需要高得难以置信的收入才能产生足够回报，存在未来市场下跌的风险。
- 关键数据前瞻：本周澳大利亚第三季度CPI报告至关重要，可能影响澳储行11月会议上的利率决定。
Original Article Link: https://www.abc.net.au/news/2025-10-27/asx-markets-business-news-live-blog/105936204