Pendal flags AI funding concerns as pressure on equities persists

Bitget2026/10/26 03:59

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pendal Group Limited published the original content used to generate this news brief on October 26, 2026, and is solely responsible for the information contained therein.

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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Pendal flags AI funding concerns as pressure on equities persists

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