Australian shares slump as miners tumble, Maas crumbles

Sharemarket drops on mining fears

The Australian sharemarket has tumbled for a second consecutive day, but it wasn't all bad news for investors.

Australian shares slump as miners tumble, Maas crumbles

The outlook for global borrowing costs is capping investors' risk appetite, as rising yields across Asia, the US and Europe continue to undermine confidence.

Maas Group’s $1.2b AI contracts at risk on Firmus’ IPO doubts

The construction services group made a big bet on the AI boom earlier this year, selling half its business to invest in Firmus and the data centre rollout.

ASX finishes lower as oil jumps again on renewed Iran tensions

The Australian sharemarket declined on Thursday as oil prices jumped on renewed Middle East tensions, stoking concerns about inflation. Miners led the losses.

Maas Group Shares Plunge 23 Percent to A$4.92 as Investors Mark Down Its Stake in Firmus

Maas Group shares fell 23% after reports of soft global demand for Firmus Technologies' upcoming float, raising concerns about the value of Maas's 3.2% stake.

Lunch Wrap: ASX loses ground as Maas plunges on Firmus IPO jitters

The ASX slipped as miners copped a beating and Maas’ Firmus jackpot turned sour. ...