ASIC inquiry into market and governance failures crunches ASX earnings

ASIC inquiry into market and governance failures crunches ASX earnings

The sharemarket operator has told investors that it expects to spend up to $35 million this financial year responding to a major ASIC inquiry.

What the hell is wrong with ASX Ltd? The hits keep coming, and now CBOE looms

Despite a partial recovery in the Aussie IPO market – there are at least five currently slated – things aren’t so great right now for the Australian Securities Exchange (ASX:ASX), as an entity. Adding to the company’s ongoing CHESS bungle; and a lawsuit from ASIC, there were two big downside catalysts that smashed the self-listed stock this week. If you need evidence of that, just consider that the stock has lost -7.4% of its valuation this week…

ASX expects $25M-$35M in additional operating expenses due to ASIC inquiry

ASX expects to incur additional operating expenses of between $25 million and $35 million in FY26 in relation to the ASIC inquiry. The post ASX expects $25M-$35M in additional operating expenses due to ASIC inquiry appeared first on FX News Group.

Why ASX, Light & Wonder, News Corp, and Silex shares are dropping today

The S&P/ASX 200 Index (ASX: XJO) is out of form on Thursday and on course to record a decline. At the time of writing, the benchmark index is down 0.25% to 8,821.8 points. Four ASX shares that are falling more than most today are listed below. Here's why they are dropping: ASX Ltd (ASX: ASX) The ASX share price is down almost 9% to $64.12. This morning, the embattled stock exchange operator revealed additional operating expenses related to its A…