HACK.AX is trading at A$16.50 (-3.17%) as global markets turn risk-off following a sharp decline in the Nasdaq and semiconductor sector.
- The downturn is driven by concerns over AI valuation sustainability and increased capital expenditure forecasts from TSMC, putting pressure on global chip stocks.
- Heightened geopolitical tensions in the Middle East have pushed oil prices higher, further weighing on risk assets and broader market sentiment.