Australia's tech stocks track U.S peers to hit 8-month low

Altium

24/01/2022 03:28

** Australia's tech stocks  .AXIJ  skid as much as 2.5% to
hit their lowest since May 19 amid a broader sell-off
    ** Tech stocks track a drop in U.S. peers at the end of last
week  .N 
    ** U.S. tech stocks weighed down by a likely increase in
borrowing costs and more attractive bond yields 
    ** Australia's benchmark stock index  .AXJO  down as much as
1.2% 
    ** Software firm Xero Ltd  XRO.AX  falls as much as 1.3% and
investor services provider Computershare Ltd  CPU.AX  drops up
to 2.6% 
    ** Electronics design software maker Altium  ALU.AX  falls
as much as 4.6% 
    ** Network operator Megaport  MP1.AX  advances as much as
3.7% 
    ** AXIJ set for a second straight session of losses 
    ** AXIJ down 15.7% this year, vs a 4% drop in AXJO

 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))