Asos loses almost a tenth of its value on London's stock market amid apparent hackpublished at 17:04 BST
Archie Mitchell
Business reporter
Asos shares tumbled on Tuesday, with the company losing just under a tenth of its value on London’s stock market after being hit by the cyber attack.
Shares fell 9.56%, with analysts warning it could undermine an ongoing turnaround at the company and risk customer trust.
Dan Coatsworth, head of markets at investment platform AJ Bell, said Asos will need to “rapidly show it can fix any vulnerabilities in its systems and provide clarity on any related financial hit”.
He said it was not long ago that Marks & Spencer was “hit for six” by a cyberattack, which had a major impact on its earnings.
Tuesday’s dip comes after an otherwise positive year for Asos, with its shares still worth more than double what they were in January.















