Today: 9 June 2026
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ASX:XRO.AX 19 January 2026 - 17 February 2026

Xero share price slides after Trump tariff threat hits tech — ASX:XRO sinks to 12‑month low

Xero share price slides after Trump tariff threat hits tech — ASX:XRO sinks to 12‑month low

Xero Ltd fell 2.6% to A$100.89 in Sydney, touching a 12-month low of A$98.23 during Monday’s session. The S&P/ASX 200 closed down 0.33%, pressured by losses in tech stocks after renewed U.S.-Europe tariff threats. Around 1.25 million Xero shares tied to its Melio acquisition became freely tradable last week. Traders are watching if Xero can hold above A$100 ahead of Tuesday’s open.

Stock Market Today

  • Coupang Shares Rise Ahead of Key South Korean Privacy Ruling
    June 9, 2026, 11:49 AM EDT. Coupang Inc. shares climbed 2.0% to $15.49 in New York ahead of a crucial South Korean privacy regulator meeting on June 10. The Personal Information Protection Commission will decide potential sanctions linked to a massive data breach exposing over 33.6 million records. Despite a recent minor fair-trade fine of 500 million won for misleading discounts, the primary market focus is on privacy penalties. South Korean rules allow fines up to 3% of sales, which could amount to about 1.36 trillion won based on projected 2025 revenue. Coupang stressed that sensitive payment and identity data remained secure. The company reported a first-quarter revenue increase of 8% to $8.5 billion but posted a net loss of $266 million. Management views the data breach impact as temporary, with membership recovery underway.

Latest articles

Coupang Stock Gains as Privacy Ruling Approaches

Coupang Stock Gains as Privacy Ruling Approaches

9 June 2026
Coupang shares jumped 2% to $15.49, outperforming a falling market, as investors braced for South Korea’s privacy regulator to decide June 10 on possible sanctions over a data breach exposing 33.6 million records—a ruling that could trigger fines up to 3% of sales and impact the stock’s recovery.
AEP’s $78 Billion Grid Plan Spurs Data Center Hopes

AEP’s $78 Billion Grid Plan Spurs Data Center Hopes

9 June 2026
AEP lifted its five-year capital plan to $78 billion after signing 7 gigawatts of new large-energy project agreements, with 90% of 63 gigawatts of expected incremental load by 2030 tied to data centers; shares recently traded at $127.27, up 26.9% over 52 weeks, with analysts’ mean price target at $142.76, as investors weigh execution risks and a new data-center rate structure.
Dow climbs in New York, but gains may stall

Dow climbs in New York, but gains may stall

9 June 2026
Dow jumps 154.87 points as tech rebounds and oil prices drop, with chipmakers like Intel and Broadcom up sharply; investors brace for Wednesday’s key inflation data and next week’s Fed meeting, which could sway rate expectations and market direction.
U.S. Stocks Hit Records This Week — Why the S&P 500 and Nasdaq Rally Survived the Oil Shock

Dow Up While Nasdaq Dips; AI Rally Meets Inflation Data

9 June 2026
Nuvalent soared after GSK agreed to buy the cancer drug developer for $10.6 billion in cash, valuing shares at $124—a 40% premium to Monday’s close—while investors awaited Wednesday’s key inflation data that could impact market direction and tech stock stability.
Smart Logistics Jumps 159% Before Nasdaq Halt

Smart Logistics Jumps 159% Before Nasdaq Halt

9 June 2026
Smart Logistics Global soared 158.75% to $1.33 before a Nasdaq volatility pause, putting the stock above the $1 minimum bid-price needed for compliance after months below the threshold; the company must now close at or above $1 for 10 straight business days to avoid further Nasdaq action, with no new company news driving the surge.
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