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ASX:FPH 26 November 2025

ASX Today: Sydney Sharemarket Jumps at Open as Fed Cut Hopes Lift Sentiment; FPH Surges, Temple & Webster Sinks, National Storage in Play – 26 November 2025

ASX Today: Sydney Sharemarket Jumps at Open as Fed Cut Hopes Lift Sentiment; FPH Surges, Temple & Webster Sinks, National Storage in Play – 26 November 2025

Sydney’s S&P/ASX 200 jumped about 1% to the mid-8,600s in early trade Wednesday, following Wall Street’s rally and rising odds of a December US Fed rate cut. Fisher & Paykel Healthcare surged on strong results, while Temple & Webster slumped after a disappointing update. National Storage REIT was halted amid takeover reports. The market awaits October inflation data from the ABS at 11:30am AEDT.

Stock Market Today

  • Xanadu Quantum Technologies to List on Nasdaq and TSX After Shareholder Approval
    March 20, 2026, 12:11 AM EDT. Xanadu Quantum Technologies is set to become the first publicly listed photonic quantum technology company. Following shareholder approval of the merger with Crane Harbor Acquisition Corp. (Nasdaq: CHAC), the new entity, Xanadu Quantum Technologies Limited, will begin trading on Nasdaq and the Toronto Stock Exchange under ticker "XNDU" on March 27, 2026. The merger will provide approximately $302 million in gross proceeds to support Xanadu's development of light-based quantum computing technology, which operates at room temperature and avoids costly cooling systems. This capital complements a potential CAD 390 million investment from Canadian and Ontario governments, backing the company's efforts to scale its hardware, software, and cloud-based quantum platforms.
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