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Live News EQUITY ARTICLE H impact

BUZZ — Australia's NEXTDC, Macquarie Technology slump to multi — year lows on AI financing fears

* Shares of Australia's NEXTDC fall as much as 8.3% to their lowest since mid-January 2023 * Tech stocks in Asian markets drive the sell-off, as investors focus on AI cost of capital concerns MKTS/GLOB * The tech sell-off was sparked by hotter-than-expected US inflation data, raising concerns that the technology sector, including AI infrastructure providers, could face higher funding and capital costs, said Anna Wu, Founder of Floodlines Research * Data centre operator Macquarie Technology declines as much as 10.8% to A$43.010 to a more than six-year low * While Goodman Group, BrainChip and Xero lose between 3.8% and 4.6% (Reporting by Keshav Singh Chundawat in Bengaluru) ((Keshav.singhchundawat@thomsonreuters.com)

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