Market Close 07 Nov 25: ASX sinks to near 2-month low

The Aussie market ended the week lower, down about three-quarters of a percent, marking a second straight weekly loss. Tech and bank stocks dragged, with Macquarie falling nearly 6% after missing earnings expectations. Qantas dropped 6.5% on softer revenue guidance, while AUB Group rose after a renewed takeover bid. Block, Inc. slumped 15%, and weaker Chinese trade data weighed on miners. The ASX 200 now sits more than 3% below record highs, with US jobs and local bank results in focus next week. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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