By Stan Choe
Publication Date: 2025-12-14 18:21:00
The inquiry’s interim report identified a number of deficiencies in the ASX’s governance, capabilities, risk management and culture, which led to various changes by the ASX, it was announced on Monday. Failures at the ASX included a botched and lengthy technology upgrade that had to be abandoned and a major outage late last year.
The weakness in technology stocks on Wall Street spread to local players, with WiseTech (down 1.7 percent), Xero (down 1.1 percent) and Technology One (down 0.6 percent) losing ground.
The Australian dollar was trading at $66.49 at 10:35 a.m. AEDT.
On Friday, further declines in superstar artificial intelligence stocks toppled Wall Street from its record highs.
The S&P 500 fell 1.1 percent from its all-time high on its worst day in three weeks. Weakness in technology stocks sent the Nasdaq composite down a market-leading 1.7 percent and the Dow Jones gave up 245 points, or 0.5 percent, after setting its own record the previous day. The Australian…
