Sydney, January 28, 2026, 17:42 AEDT — Trading has wrapped up for the day.
WiseTech Global Ltd shares fell 3.8% on Wednesday, ending the day at A$60.70 after touching a 52-week low of A$60.43 earlier. The drop wiped out Tuesday’s 1.9% gain.
The drop has become notable as traders rethink the interest-rate outlook, and high-growth software names like WiseTech usually suffer when investors demand bigger returns sooner.
Australia’s trimmed-mean consumer price index, which strips out volatile price swings, rose 0.9% in the December quarter and 3.4% year-on-year, according to Reuters. Swaps markets are pricing in a 73% chance the Reserve Bank of Australia will hike rates at its Feb. 3 meeting. “Demand is running ahead of supply,” said Adam Boyton, head of Australian economics at ANZ. EY’s chief economist Cherelle Murphy said the “case for tighter monetary policy is clear.” Reuters
The S&P/ASX 200 closed down 0.09%, dragged lower by declines in IT as well as healthcare and consumer discretionary stocks, per Investing.com data.
Sharecafe reported the tech sector fell nearly 2%, weighed down by declines in WiseTech and accounting software company Xero.
Westpac chief economist Luci Ellis called the inflation number the “casting vote” for a rate hike, but she hinted the move might not trigger a prolonged series of increases, The Edge Malaysia reported. The Edge Malaysia
WiseTech’s CargoWise platform helps freight forwarders and logistics companies manage shipments and compliance across supply chains. The stock, popular among Australian investors, frequently serves as a gauge for risk appetite in the local tech scene because of its sharp price swings.
With no fresh company updates on Wednesday, investors are zeroing in on macro cues and positioning ahead of February earnings. For WiseTech, watch for guidance and comments on customer demand and cost patterns.
The rate story cuts both ways. If inflation stays elevated and the RBA signals more tightening, expect high-multiple software stocks to slide further; a softer inflation outlook could relieve some of that pressure.
WiseTech will release its half-year results on Feb. 25, a date investors are circling. Ahead of that, attention turns to next week’s RBA decision for signals on interest rate moves.
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