Australia's tech stocks fall for second day on Wall St weakness

Altium

07/02/2023 01:21

** Australian technology stocks  .AXIJ  fall as much as 1.3%
, set to mark their worst day since Jan. 31, if losses hold
    ** Sub-index marks its second consecutive session of losses
    ** U.S. stocks ended lower on Monday as investors shifted
gears after considering the possibility that the U.S. Federal
Reserve may take longer to start cutting interest rates.  .N 
    ** WiseTech Global  WTC.AX  emerges as the top loser on the
index after falling 2.2%
    ** Xero  XRO.AX  and Megaport  MP1.AX  topple 1.4% and 2.3%
    ** Altium Ltd  ALU.AX  slumps 1.8%, eyeing worst day since
Jan. 17  
    ** AXIJ has risen 8.4% this year, as of last close
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))