CommSec Market Update

CommSec
CommSec Market Update

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes.  Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen. 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.

  1. 2 DAYS AGO

    Morning Report 28 Jan 25: NASDAQ and S&P 500 tumble as China’s DeepSeek AI model rattles big tech

    Wall Street faced a significant downturn as NVIDIA plunged 18%, leading the broader tech selloff sparked by China's cheaper AI model, DeepSeek. The disruption triggered a global revaluation of U.S. tech stocks, with NVIDIA losing more than $500 billion in market value—the largest single-company rout in market history. The tech-driven selloff pushed U.S. Treasury yields to multi-week lows as investors flocked to safe-haven assets. Meanwhile, China’s economic outlook dimmed further, with manufacturing activity hitting a five-month low. Amid the turbulence, Pepsi emerged as the most improved group in the consumer staples sector, climbing 4%. On the other hand, commodities saw declines, with oil prices dropping 3% ahead of China’s Lunar New Year holiday and gold retreating as investors liquidated positions. Looking ahead, Aussie shares are expected to dip on Tuesday, with the Aussie dollar under pressure as DeepSeek-driven concerns sap risk appetite globally. 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.

    10 min

About

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes.  Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen. 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.

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