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Australian shares almost flat as NEXTDC rout offsets gains in banks
Australian shares were little changed on Wednesday as a record selloff in NEXTDC countered gains in banks after the data-centre operator cut its 2027 forecast due to delays in power upgrades at a key Melbourne facility. The S&P/ASX 200 index eased 0.1% to 8,811.60 by 0040 GMT after closing 0.3% lower on Tuesday. NEXTDC shares plunged as much as 44.8%, putting the stock on track for its worst-ever session and wiping more than A$3.1 billion ($2.17 billion) off its market value. The selloff dragged the technology sector down 5.6% and added to concerns about whether electricity infrastructure ...
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