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ASX:FMG.AX News 21 January 2026

Fortescue share price rises as FMG investors eye quarterly report and iron ore jitters

Fortescue share price rises as FMG investors eye quarterly report and iron ore jitters

SYDNEY, Jan 21, 2026, 17:02 AEDT — The market has closed. Fortescue Ltd (FMG.AX) shares climbed 1.7% to close at A$22.64 on Wednesday, recovering slightly after a weak period for iron ore-related stocks ahead of the miner’s upcoming production report. The day’s trading saw the stock fluctuate between A$22.13 and A$22.76. Meanwhile, BHP Group rose 1.5% and Rio Tinto added…
21 January 2026
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Stock Market Today

  • Tiger Global and Microsoft Exit PhonePe as IPO Reveals Major Share Sale
    January 22, 2026, 7:51 AM EST. Tiger Global and Microsoft plan to fully exit PhonePe, the Walmart-backed Indian fintech, through its IPO. PhonePe aims for a $15 billion valuation, surpassing its $12 billion valuation in January 2023. The IPO will raise up to $1.5 billion with 50.66 million shares offered. Walmart retains majority control but will sell about 9%. PhonePe, founded in 2015, dominates India's digital payments market, processing 9.81 billion transactions in December 2025, outpacing Google Pay. Its revenue increased 22% to $428 million in six months ended September 2025, though losses widened. The share sale is by existing investors; no founders are selling shares.
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