Daily Market Update: 16 December 2025

All Ords (ASX:XAO) resumes slide on global tech sell off, copper price hits miners, BHP (ASX:BHP) slips, Deep Yellow (ASX:DYL), uranium shares tank

The local market began the week on a negative tone, as an intensifying selloff in global tech continued on Friday, with the All Ordinaries (ASX:XAO) ultimately finishing 0.7 per cent lower. The materials and energy sectors were the biggest detractors, as concerns that a new ‘licensing system’ on Chinese steel exports hit confidence in iron ore miners including BHP (ASX:BHP) and Rio Tinto (ASX:RIO) which were down more than 2 per cent respectively. The energy sector saw broadening weakness, with uranium in particular under huge pressure, with the likes of Deep Yellow (ASX:DYL) and Boss Energy (ASX:BOE) both sinking by more than 8 per cent amid concerns about the outlook for uranium demand. Gold miner Westgold (ASX:WDX) fell close to 3 per cent despite the company flagging intentions to spin off its non-core assets into a Valiant Gold IPO.

ASX operator (ASX:ASX) tanks on regulatory reset, Tyro (ASX:TYR) acquires, JB Hi-FI (ASX:JBH) leads on Christmas hopes

The local market operator, ASX (ASX:ASX) sank by more than 5 per cent after the company was forced to lower its dividend payout following an incredibly tough report from the corporate regulator ASIC in response to recent outages and major issues. The company will be forced to hold an additional $150 million in capital until it is able to prove that certain milestones are being met as pressure continues to grow. Payments provider Tyro (ASX:TYR) rose 1.5 per cent after the company confirmed it was acquiring Thriday, an AI powered financial management platform for small businesses. Treasury Wine (ASX:TWE) went into a trading halt ahead of an ‘outlook’ update in a concerning sign for investors, while Droneshield (ASX:DRO) continued its recent run, gaining 10 per cent, as it reverses recent heavy losses.

US markets, S&P500 weaken ahead of jobs report, Fed mixed on next rate move, tech selloff broadens to Broadcom

All three US benchmarks finished weaker on Monday, another rough start to the week ahead of the holiday period, with the Nasdaq the hardest hit falling 0.6 per cent. All eyes are on a jobs report which is expected to show weaker than expected jobs growth that was enough to trigger another Fed rate cut last week. According to minutes, Fed members are mixed on thoughts about whether current policy is ‘restrictive’ or too loose, meaning the market will have to wait for the next call. The selloff in major technology names continued, as Broadcom (NYSE:AVGO) and Oracle (NYSE:ORCL)joined the challenges, falling by 5 and 2 per cent respectively. General Motors (NYSE:GM) is inking a deal with Apple (NYSE:AAPL) to add its CarPlay options to a number of existing models, while Ford (NYSE:F) has decided to repurpose a facility previously used for EV production to create energy storage as EV car sales plunge in the US.