ASX shares fall most in 26 years on rising tech costs
ASX shares fell 13.2% after the operator warned of higher 2027 spending for technology upgrades. Total expenses are expected to rise by up to 21% next year.
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ASX LTD shares ended 13.2% lower at A$51.03 on Tuesday after the exchange operator forecasted capital expenditure rising to A$200 million by 2027. The decline marks the worst single-day performance for ASX in Australia in more than two decades. Investors are penalizing ASX as repeated technology failures and rising regulatory costs threaten dividend stability.
