ASX Today 21 November 2025: Australian Share Market Braces for Sharp Reversal After Nvidia-Fuelled Rally
ASX 200 futures dropped about 1.6–1.7% early Friday, pointing to a sharp fall after Thursday’s biggest rally since August. The S&P 500 fell 1.6% and Nasdaq lost over 2% overnight, while Bitcoin slid below US$90,000. The ASX 200 closed Thursday up 1.24% at 8,552.7, but remains about 7% below its October record.