Australian tech stocks track Wall St peers lower, top drag on ASX 200

Altium

04/03/2022 24:39

** Australian tech stocks  .AXIJ  track their U.S. peers
lower, down 3%
    ** Sub-index set for worst day since Feb. 24 if losses hold
    ** Tech-heavy Nasdaq  .IXIC  fell 1.6% overnight as the
Ukraine crisis kept investors on edge  .N 
    ** Payments firm Block Inc's Australian shares  SQ2.AX 
slump up to 8%, leading losses in the sector 
    ** Other top losers payment solutions provider EML Payments
 EML.AX  and software maker Altium  ALU.AX , down 4.8% and 4%
respectively
    ** AXIJ top loser on the benchmark ASX 200  .AXJO  index
    ** Sub-index heads for first weekly gain in three; down more
than 20% so far this year, compared to a 4% decline in AXJO

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))