WiseTech Shares Plunge Following Regulator Raid
Australia competition regulator executed a search warrant on WiseTech Global for documents related to logistics software. Shares of the company fell 8.7 percent following the news.
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WiseTech Global shares tumbled 8.7% to A$39.58 on Wednesday after Australia's competition regulator executed a search warrant on the company. The drop marked the logistics software provider's steepest one-day decline since late June and its lowest close in nearly two weeks. The investigation adds fresh pressure to a firm already navigating prolonged governance scrutiny.
