Sydney, January 28, 2026, 17:42 AEDT — The market has closed.
WiseTech Global Ltd shares dropped 3.8% on Wednesday, closing at A$60.70 after hitting a 52-week low of A$60.43 earlier in the session. The decline erased Tuesday’s 1.9% advance. (Investing)
The decline is significant now as traders reassess the interest-rate outlook, and high-growth software stocks like WiseTech typically take a hit when investors push for higher returns upfront.
Australia’s trimmed-mean consumer price index — a key measure that removes volatile price movements — climbed 0.9% in the December quarter and 3.4% year-on-year, Reuters reported. Swaps pricing suggests a 73% probability the Reserve Bank of Australia will raise rates at its Feb. 3 meeting. “Demand is running ahead of supply,” said Adam Boyton, head of Australian economics at ANZ. EY chief economist Cherelle Murphy added the “case for tighter monetary policy is clear.” (Reuters)
The S&P/ASX 200 slipped 0.09% by the close, weighed down by drops in IT alongside healthcare and consumer discretionary sectors, according to Investing.com data. (Investing)
Sharecafe reported the tech sector slipped almost 2%, dragged down by drops in WiseTech and accounting software firm Xero. (Sharecafe)
Westpac chief economist Luci Ellis described the inflation figure as the “casting vote” for a rate hike, though she suggested any increase might not kick off a lengthy streak, The Edge Malaysia reported. (The Edge Malaysia)
WiseTech’s CargoWise platform supports freight forwarders and logistics firms in handling shipments and compliance throughout supply chains. The stock, widely held in Australia, often acts as a barometer for risk appetite in the local tech sector due to its volatile moves.
Without new company news on Wednesday, investors will focus on macro signals and how positions shape up ahead of February earnings. For WiseTech, the key indicators will be guidance and any remarks on customer demand and cost trends.
But the rate story works both ways. If inflation remains high and the RBA hints at more tightening, high-multiple software stocks could drop further; a calmer inflation outlook might ease that strain.
WiseTech has set Feb. 25 for its half-year results, marking a key date on the calendar. Before that, traders are focused on next week’s RBA decision for clues on interest rates. (Wisetechglobal)
