BUZZ - Australian telecom stocks continue to fall, affected by concerns triggered by SpaceX spectrum deals
路透社2026/10/13 01:21October 13 - ** The Australian Communications Services sub-index .AXTJ once dropped 0.7%, hitting its lowest level since July 9, 2024.
** The telecommunications stock sub-index continued its decline, after falling as much as 2.4% on Monday, due to market concerns (link) that SpaceX SPCX.O acquired a batch of US low-band spectrum licenses.
** Australian telecom company Telstra TLS.AX dropped as much as 1.1%, hitting its lowest point since August 28; at the same time, competitors Superloop SLC.AX and Aussie Broadband ABB.AX plummeted 1.6% and 0.5%, respectively.
** Including the day's decline, AXTJ has fallen more than 14% so far this year.
(To assist non-native English speakers, Reuters has automatically translated its report into several other languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation and provides it solely for reader convenience. Reuters assumes no liability for any harm or losses caused by the use of the automated translation feature.)
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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