Why Australian Ethical, Brambles, Novonix, & Zip shares are tumbling lower

In late trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.1% to 7,435.1 points.

Four ASX shares that have failed to follow the market higher are listed below. Here’s why they…