Australia's NEXTDC, Macquarie Technology slump to multi-year lows on AI financing fears
15/10/2026 05:52
BUZZ-Australia's NEXTDC, Macquarie Technology slump to multi-year lows on AI financing fears ** Shares of Australia's NEXTDC NXT.AX fall as much as 8.3% to their lowest since mid-January 2023
** Tech stocks in Asian markets drive the sell-off, as investors focus on AI cost of capital concerns MKTS/GLOB
** The tech sell-off was sparked by hotter-than-expected US inflation data, raising concerns that the technology sector, including AI infrastructure providers, could face higher funding and capital costs, said Anna Wu, Founder of Floodlines Research
** Data centre operator Macquarie Technology MAQ.AX declines as much as 10.8% to A$43.010 to a more than six-year low
** While Goodman Group GMG.AX, BrainChip BRN.AX and Xero XRO.AX lose between 3.8% and 4.6%
(Reporting by Keshav Singh Chundawat in Bengaluru)
Recent news on NEXTDC
See all newsGlobal Markets: Stocks rise with upbeat earnings; France's 10-year bond yield hits 5% mark
Global Markets: Earnings cheer supports stocks, France's 10-year bond yield hits 5% mark
Global Markets: Stocks eke out modest gains thanks to earnings cheer
Global Markets: Asian stocks climb as strong earnings buoy Wall Street
Australian shares rise as banks blunt impact of Nextdc plunge