Australian tech stocks track Wall Street losses to hit 1-1/2-week low

Altium

07/04/2022 01:47

** A sub-index of Australian technology stocks  .AXIJ  falls
as much as 3.2% to hit its lowest since March 29
    ** AXIJ tracks overnight losses on the tech-heavy Nasdaq
 .IXIC , after minutes from Fed's March meeting sharpened
investor focus on the U.S. central bank's plans to fight
inflation  .N 
    ** ASX-listed shares of Block Inc  SQ2.AX  fall as much as
4.5% to hit their lowest since March 18 
    ** Life360 Inc  360.AX  drops as much as 5.3% to top losses
in the sub-index, while Wisetech Global Ltd  WTC.AX  skids 4.2%
to notch its biggest intraday pct loss since March 11
    ** Altium Ltd  ALU.AX  and Novonix Ltd  NVX.AX  slide 2.4%
and 4.3%, respectively
    ** AXIJ down 13.9% this year, as of last close
    
  

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))