Australian bourse operator set for worst day in 26 years on higher FY expenses

ASX

26/05/2026 02:02

** Shares of ASX ASX.AX fall as much as 11.2% to A$51.89, on track to log its worst session since April, 2000, if the trend holds

** Stock hits its lowest level since March 31

** The stock exchange operator expects its full-year total expenses to rise between 18% and 21% on higher technology spending, and others

** Higher spending comes on investment in technology modernisation and responding to the ASIC inquiry through programs such as its Accelerate initiative

** Earlier in April, the ASIC's final report said ASX had prioritised delivering higher shareholder returns over ensuring critical market infrastructure was in place.

** Up 6.6% YTD, including the session's moves

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com; ))