Wednesday, 19 August, 2026
Regulatory Raid Triggers Tech Sell-Off: WiseTech Shares Plunge Nearly 9%
By TechShots Studio
Shares of Australian logistics software provider WiseTech Global dropped nearly 9% to A$39.58 following a search warrant executed on its premises by Australia's competition regulator, the ACCC. The raid targeted documents regarding global logistics services and software supply. WiseTech stated it is fully cooperating with the investigation, though neither the company nor watchdog disclosed specific details regarding the requested documents.