Australia's Macquarie loses most in 2 weeks on muted asset management outlook

Australia's Macquarie loses most in 2 weeks on muted asset management outlook

The logo of Australia's Macquarie Group Ltd adorns a desk in the reception area of their Sydney office headquarters in Australia. REUTERS/David Gray

Shares in Macquarie Group slipped more than 2% on Wednesday after the Australian investment bank flagged that its asset management division will face continued economic headwinds through the first half of 2024.