Australian bourse operator falls as Federal Court approves $14.2 million fine

ASX

03/07/2026 05:25

** Shares of Australian bourse operator ASX ASX.AX fall as much as 2.9% to A$50.720, set for their worst session since May 28
** Stock hits its lowest level since June 19
** Broader benchmark ASX 200 index .AXJO up 1.4% as of 0424 GMT
** Federal Court of Australia orders ASX to pay A$20.5 million ($14.21 million) penalty for misleading conduct related to co's CHESS replacement project
** Australian Securities & Investments Commission (ASIC) sued ASX in August 2024, alleging that statements made in 2022 about the previous Clearing House Electronic Subregister System (CHESS) project misled the public
** ASX down 0.7% so far this week
** Stock largely flat YTD, including the day's move
($1 = 1.4424 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)
((Rajasik.Mukherjee@thomsonreuters.com))