Sydney, Jan 19, 2026, 17:27 AEDT — The market has closed.
WiseTech Global Ltd (WTC.AX) slipped 4.4% on Monday, wrapping up at A$64.07 after hitting a low of A$63.25 in Sydney. The shares have ranged from A$61.49 to A$130.50 over the last 12 months. Monday’s close was A$2.95 down from Friday, on volume just shy of 1.02 million shares, per 6 .
The advance outstripped a 0.33% decline in the ASX 200 and reflected a widespread selloff in growth stocks triggered by renewed geopolitical concerns. Accounting software company Xero slid 2.8%, and WiseTech has tumbled about 45% over the past six months, its shares particularly volatile on risk-off sessions. 1
Risk appetite slumped after U.S. President Donald Trump announced potential new tariffs on eight European countries tied to a Greenland dispute — starting at 10% from Feb. 1 and rising to 25% on June 1 if no deal is struck. “Markets have learned that tariff threats get watered down or delayed,” said Saxo’s Charu Chanana. ANZ’s Khoon Goh added, “Markets are pricing in increased political risk premia on the U.S. dollar.” 2
WiseTech revealed some news over the weekend, but it probably won’t ease concerns after the recent slump. The company plans to put A$8.7 million into sponsoring not-for-profit KIK Innovation over the next three years. This funding is set to expand Grok Academy’s coding programs. CEO Zubin Appoo described the company as “proud to support” the effort. 3
Traders still see WiseTech as a high-beta play, subject to bigger swings than the broader market, not as a straight read on education spending. Because the company’s software is tightly woven into logistics, any tariff shocks affecting global trade volumes can rapidly impact customer budgets and sentiment.
Results will be the next key trigger. WiseTech’s interim report is set for Feb. 25, per Intelligent Investor’s corporate calendar. Investors want to see how demand, costs, and sentiment have shifted after months of sharp swings. 4
Here’s the catch: the macro picture can shift abruptly. If tariff threats ease or talks drag on without progress, bargain hunters often jump back into beaten-down tech stocks. But if tensions escalate into real policy actions and retaliation, the sell-off tends to widen across the board.
Next week, the ASX calendar flags a closure of the cash market on Jan. 26 for Australia Day. This holiday tends to squeeze liquidity and can make price moves more volatile around any news. 5
Tuesday’s session will pivot on tariff chatter and the direction of global equities. Meanwhile, WiseTech investors are focused on the February 25 interim report as their next major milestone.
