The royal hangover

Global stock markets spent this week doing their best impression of a long weekend gone wrong - a big Friday blowout, a rough Monday and a Tuesday spent paying for it. It all started when the Nasdaq posted its biggest fall in over a year. Even US President Trump weighed in, wondering aloud why good news kept making stocks go down. We explain why - it's less mysterious than it sounds. 

By Monday, the panic had crossed the Pacific - South Korea's Kospi fell so hard, down more than 8%, that the exchange tripped its circuit breaker and briefly halted trading altogether watch our explainer here. Back home, the ASX slept through all of that thanks to Monday’s King's Birthday public holiday - then woke up to find the bill on the doormat. The ASX 200 dropped sharply on Tuesday stabilising throughout the week.

Just when the week needed a grand finale today confirmation came through SpaceX will become a public company in the biggest IPO of all time. The rocket has officially launched; we’ll need to wait and see if the stock does too.

To your investing,

Takeover trends reshaping Aussie media

Australia's media sector is in the middle of a dealmaking wave, with acquisitions and takeover bids accelerating across the industry. A three-way bidding war has erupted over billboard giant oOh!media (ASX:OML) while Vinyl Group (ASX:VNL) continues its buying spree with acquisitions including Pedestrian and Time Out. As companies race to build scale and own premium audiences, the latest deals highlight how mergers and acquisitions are becoming one of the biggest themes reshaping Australia's media landscape.

EBR Systems (ASX:EBR) - Growth funding
EBR has launched a fully underwritten A$150 million capital raising to support sales expansion, manufacturing scale-up, research and development, and working capital as it targets cashflow breakeven. CCDO Andrew Shute discusses the company's capital raising, growing commercial momentum, recent healthcare network agreements, and progress toward broader adoption of the WiSE™ CRT System.

Alpha HPA (ASX:A4N) - AI & EV supply
A4N is developing what is expected to become the world’s largest single-site high-purity aluminium facility. Managing Director Rob Williamson discusses Australia’s growing role in critical minerals, advanced manufacturing and the next phase of growth for A4N.

Pengana Private Equity Trust (ASX:PE1) - Global private equity
PE1 offers investors access to global private equity and private credit through a listed ASX structure. Investment Specialist William Dougall discusses recent portfolio additions and how PE1 balances long-term opportunities with short-term currency impacts.

Kincora Copper (ASX & TSXV:KCC) - Investor presentation
President and CEO Sam Spring outlines the company’s strategy to unlock large-scale copper-gold discovery across its portfolio of exploration projects, major industry partnerships, drilling programs, and the growing demand outlook for copper as a critical mineral supporting the global energy transition.

Tennant Minerals (ASX:TMS) - Investor presentation
General Manager, Chris Ramsay, presents at TSN's ASX Gems investment conference and shares an overview of its strategy, project portfolio, recent developments, insights into the company’s progress, market opportunity, upcoming milestones, and how it is positioning itself to create long-term shareholder value within the resources sector.

Axel REE (ASX:AXL) - Investor presentation
Non-Executive Chairman, Paul Dickson, presents at TSN's ASX Gems investment conference and details exploration activities across its highly prospective Brazilian rare earth assets, recent drilling and discovery results, upcoming catalysts, and the company's plans to capitalise on growing global demand for critical minerals essential to advanced technologies and the clean energy transition.

49 Metals (ASX:49M) - Gold discovery
Highest-grade intercept recorded at Gold Mountain to date: CEO Phil Carter discusses the significance of the discovery, what it reveals about the broader Gold Mountain system and the key catalysts ahead.

Metro Mining (ASX:MMI) - Aluminium demand
Focused on supplying China’s expanding bauxite market: CEO and Managing Director Simon Wensley discusses the company’s long-term growth strategy, operational scale and outlook for global bauxite demand.

Alligator Energy (ASX:AGE) - Uranium ISR success
Delivered strong first field recovery trial results at its Samphire Uranium Project in South Australia: CEO and Managing Director Andrea Marsland-Smith discusses the trial results, ISR performance benchmarks and next steps at Samphire.

Boresight (ASX:BST) shares soared more than 200% in its first week as an ASX-listed stock. BST is a provider of Target Drones to Western and allied militaries that aims to emulate real world threats in a reliable and repeatable manner.

Li-FT Power (ASX:LFT) will focus on the unique opportunity available to de-risk and accelerate the development of its emerging Quebec, Canada-based Galinée Lithium Project, and the immediately adjacent Adina Lithium Project

SkinKandy (ASX:SK1) is a leading specialist piercing retailer in both Australia and New Zealand, supported by a curated and comprehensive range of piercing-related fashion jewellery and aftercare products.

Exchange Traded Funds (ETFs) 
What is an ETF and why are they growing so quickly? ETFs have become one of the fastest-growing investment vehicles globally, yet many investors are still unsure how they work. Watch the video featuring VanEck.

Aussie ETF investing
Are ETFs for you, or are you sticking to stock picking? ETFs are helping to democratise investing. There were 411,000 first time ETF investors in 2025 and 300,000 forecast this year. Hear from BetaShares’ Report.

Why diversification matters
Why should you spread your money so you’re not relying on one thing to win? Learn more from Josh Lee from Link Wealth.

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