ASX lags global markets this financial year but super delivers strong returns

ASX lags global markets this financial year but super delivers strong returns

The Australian sharemarket ended the financial year with a modest gain, trailing the strong performance of global markets, but many Australians are still set to see healthy returns in their super. SBS On the Money speaks with Kai Chen, Head of Investment at MPC Markets, about why the ASX underperformed overseas markets, and Jeff Brunton, Deputy Chief Investment Officer at HESTA, on why diversified super funds are expected to deliver solid returns and what APRA's latest report says about the growing influence of Australia's superannuation sector on the nation's financial stability.

Heartbreak for Japan; Brazil, Paraguay and Morocco through; Netherlands and Germany out in penalties

Netherlands out of the FIFA World Cup 2026™ after Morocco’s penalty shootout victory. Paraguay also shocked Germany in a penalty shootout upset. Heartbreak for Japan, as Brazil through to the Round of 16 with 2-1 win. Join your host Haylena Krishnamoorthy for this episode of World Cup Daily | The 90+ Podcast, as she breaks down today’s penalty upsets. Did Brazil break Japan's World Cup dream? How did Paraguay pull off one of the biggest shocks of the tournament? Is Netherlands through to the round of 16? How are the Socceroos preparing to face Egypt? World Cup Daily | The 90+ Podcast is SBS's daily FIFA World Cup 2026™ podcast covering the biggest stories on and beyond the pitch. In this episode: * Morocco shocked the Netherlands, sealing 3-2 penalty shootout victory after 1-1 at the end of extra-time * Paraguay shocked Germany in a penalty shootout after 1-all at extra time * Brazil through to Round of 16, heartbreak for Japan From unforgettable moments, match highlights, emerging stars, FIFA politics, major controversies and the stories shaping the tournament, The 90+ brings you the key talking points from the FIFA World Cup 2026™ every day. For more on this series, follow The 90+ Podcast [https://www.sbs.com.au/news/podcast/world-cup-daily-the-90-podcast]. Get daily updates on the SBS News website [https://www.sbs.com.au/news] and follow SBS Sport on YouTube [https://www.youtube.com/sbssportau], TikTok [https://www.tiktok.com/@sbssportau], X [https://x.com/SBSSportau], Instagram [https://www.instagram.com/sbssportau] and Facebook [https://www.facebook.com/sbssportau/] for all the latest from the FIFA World Cup 2026™. The FIFA World Cup 26ᵀᴹ [https://www.sbs.com.au/sport/fifa-world-cup-2026/how-to-watch] kicks off on June 12 (AEST) - with coverage starting for the tournament opener between Mexico and South Africa from 4am (AEST) - and will be an exclusive broadcast on SBS in Australia. You can watch all 104 matches of the FIFA World Cup 2026™ live, free and exclusive on SBS [https://www.sbs.com.au/sport/fifa-world-cup-2026], SBS VICELAND and SBS On Demand [https://www.sbs.com.au/ondemand/fifa-world-cup-2026].

Australia heralds deal with Vanuatu as a 'transformational breakthrough' in the Pacific

Australia and Vanuatu have signed a 500 million dollar strategic agreement - the first ever inked between the two countries. It positions Australia as the Pacific country's security partner of choice, but it's a weaker treaty than the Australian prime minister originally hoped for. China has expressed concern the deal targets China, warning Australia against playing "geopolitical games".

Talks in Doha as US, Iran negotiate key issues for deal

There are conflicting reports the United States and Iran are preparing for talks in Doha, aimed at building on a fragile ceasefire and negotiating a broader agreement covering Iran's nuclear program and the Strait of Hormuz. The diplomacy comes as Israeli strikes continue in southern Lebanon, despite a U-S-backed framework agreement that Hezbollah has again rejected.

Super Platforms Face ASIC Scrutiny as the ASX Rallies Into Financial Year End

The ASX 200 rallied 0.7 per cent in a late-session surge ahead of the final trading day of the financial year, with tech stocks leading the gains. Ricardo Gonçalves speaks with ASIC Commissioner Simone Constant about why the corporate watchdog says superannuation trustees must do more to protect members from high fees and risky investments on investment platforms. Plus, Kyle Rodda from Capital.com breaks down the day's market action and what investors can expect as the financial year draws to a close.