ASX tech was one of 2025’s worst places to hide. The question for 2026: is this a blip, or the start of a longer reset?WiseTech, Xero and NextDC didn’t lose their moats overnight. Leverage, pricing changes and “swing for the fences” M&A forced the market to reprice risk.For every news headline about AI bubbles and the Magnificent Seven taking over the S&P 500, ironically, the ASX technology index was punished. With a 21% drop in the Technology index, it was one of the worst places to hide on the ASX in 2025 ...

Core Insights - WiseTech Global Ltd's share price increased by 6% following the announcement of a new independent director appointment [1] - The company aims to enhance its board with the right mix of independent directors to support future growth [2][4] Group 1: Leadership Changes - Raelene Murphy has been appointed as an independent non-executive director, effective January 1, 2026, and will join the audit and risk committee [2] - Following her appointment, WiseTech will have five independent directors and two executive directors, with plans to add at least one more independent director in the future [3] Group 2: Director's Background - Ms. Murphy has extensive experience as a non-executive director and audit committee chair for ASX-listed companies, including Bega Cheese Ltd and Tabcorp Holdings Limited [5] - She has over 35 years of executive experience in strategic, financial, and operational leadership, previously serving as managing director at KordaMentha and CEO of the Delta Group [6] Group 3: Market Position and Potential - WiseTech is regarded as one of the top companies on the ASX, despite a 40% drop in share price since August [7] - The company has strong potential for earnings growth, which is essential for increasing its share price [7][8]

Core Viewpoint - WiseTech, an Australian logistics software company, is facing a potential insider trading investigation involving its executive chairman and founder, Richard White, following a raid by the Australian Securities & Investments Commission and the Australian Federal Police [1][2]. Company Overview - WiseTech recently acquired U.S.-based e2Open for $2.1 billion, which was approximately $3.30 per share, representing a 28% premium over the stock price prior to the acquisition announcement [4]. - The company's primary product is CargoWise, but it also owns a portfolio of other logistics software providers, totaling 20 companies listed on its website [5]. Stock Performance - WiseTech's stock has experienced a significant decline, dropping from just under Au$140 (U.S. $91.52) a year ago to less than $70, with a decrease of over $15 in recent days due to the investigation news [3]. Management Changes - Richard White resigned as CEO last year due to "inappropriate behavior" but returned as executive chairman in February. Zubin Appoo was appointed as CEO in July [4]. Analyst Outlook - Morningstar has indicated that if Richard White is forced out again, the estimated value of WiseTech could be reduced by 15% to 20%, impacting the company's growth and business progression [6].