Australia's WiseTech extends gains after ASIC investigation closure
16/10/2026 24:40
BUZZ-Australia's WiseTech extends gains after ASIC investigation closure ** Shares of WiseTech Global WTC.AX rise as much as 6.9% to A$36.890, their highest level since September 4
** Stock logs its biggest intraday pct gain since October 2, up for a third straight session
** Stock on track for biggest weekly gain since the week ended August 7, having risen over 9% so far
** On Thursday, the Australian Securities and Investments Commission (ASIC) said it will not take any action against founder Richard White and two employees following an investigation into alleged trading in the firm's shares by them
** Stock down 47.3% this year, including the day's move
(Reporting by Rudrannsh Mehra in Bengaluru)