NextDC shares drop 66pc since June, RBA likely to hike in November | Finance Report | ABC NEWS
The odds of the Reserve Bank lifting the cash rate in early November have jumped to 64 per cent, according to the latest market pricing. Meanwhile, shares of the former market darling NextDC have plummeted to their lowest level since 2018. That’s after the AI data centre company saw its share price tumble 66 per cent in the past five months. Its CEO, Craig Scroggie, has agreed to forgo his bonus, while the board of directors has withdrawn a resolution seeking shareholder approval for a collective $300,000 pay rise.
The Australian dollar is near a one-month high, while the ASX ended its day slightly higher. Presented by David Chau.
#ABCBusiness
Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2026-10-26/asx-markets-business-live-news-october-26/107306820
Note: In most cases, our captions are auto-generated.
#ABCNEWS #ABCNEWSAustralia
