Australia News Live: Brisbane School Closure,ASX Plunge – November 14,2025
A Brisbane school has been shut down ”with immediate effect” following health warnings linked to play sand,while the Australian Securities Exchange (ASX) experienced a notable downturn mirroring a sell-off on Wall Street. The school closure impacts students and staff at Brisbane Grammar School’s lilley Center, prompting investigations into potential health risks associated with the play sand used in the early learning precinct. Simultaneously, the ASX 200 fell sharply, closing down 1.1% at 7,062.8 points, tracking overnight losses in US markets.
These developments unfold against a backdrop of heightened scrutiny regarding public health and economic volatility. The Brisbane school closure raises concerns about potential exposure to harmful substances for young children, with queensland Health conducting assessments to determine the nature and extent of any health risks. The ASX decline reflects global investor anxieties stemming from persistent inflation concerns and uncertainty surrounding future interest rate movements, impacting Australian superannuation funds and investment portfolios.
Key Updates (as of 11:50 AM AEDT,november 14,2025):
* Brisbane School Closure: Brisbane Grammar School’s Lilley Centre has been closed as a precautionary measure due to health concerns related to play sand. Queensland Health is investigating.
* ASX Performance: The ASX 200 closed down 1.1% at 7,062.8 points, influenced by a Wall Street sell-off.
* Political Developments: Discussions continue regarding the Coalition’s net zero policy,with Sussan Ley,shadow Minister for Habitat and Water,facing questions about the Liberal Party’s commitment to climate change targets. Prime Minister Anthony Albanese and the Labour government are defending their climate policies.
* Hobart Stadium Funding: Debate persists over funding for a proposed new stadium in Hobart,Tasmania,with ongoing negotiations between the state and federal governments.
Contributors: Sarah Basford Canales, Tom McIlroy.
