Australia stocks today: ASX drops as exchange operator’s 12% tech-cost shock rattles investors
ASX Ltd shares plunged as much as 12.6% to A$51.40 on Tuesday after the exchange operator warned of sharply higher technology and regulatory costs. The S&P/ASX 200 index fell 0.4% to 8,657 points, with utilities, energy, and tech stocks leading declines. ASX now expects fiscal 2027 expenses to rise up to 21% and capital spending to hit A$200 million. April CPI data is due Wednesday.