Australia stocks today: ASX drops as exchange operator’s 12% tech-cost shock rattles investors
Australian shares fell on Tuesday as ASX Ltd, the operator of the country’s main exchange, sank after warning of a jump in technology and regulatory spending. Reuters reported ASX shares fell as much as 12.6% to A$51.40, their worst intraday move since August 2012, while the benchmark S&P/ASX 200 was down about 0.4% earlier in the session.