Pendal flags AI funding concerns as pressure on equities persists
Bitget2026/10/26 03:59- AI funding concerns weighed on equities despite strong demand signals; the S&P/ASX 300 fell 0.2% last week.
- Australia’s implied November 2–3 rate-hike probability rose to about 60% from 27% following RBA Deputy Governor Andrew Hauser’s inflation warning.
- NextDC plunged 38.9% on an earnings downgrade; technology stocks fell 4.7%.
- Resources dropped 7.2% as iron ore, copper and lithium prices remained soft.
- Financials and communications services each gained 4%, while investors rotated toward defensive industrial stocks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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