Australian shares almost flat as NEXTDC rout offsets gains in banks

Business Recorder • Oct 21, 2026

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 8,8...

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...