Aussie tech stocks fall on tracking weak Wall Street as bear market deepens

Brainchip Holdings

28/09/2022 03:44

** Aussie tech stocks  .AXIJ  fall as much as 2% to record
their worst session since Sept. 23 
    ** Domestic tech stocks tracked a weak finish on Wall Street
as the bear market deepened after the U.S. Federal Reserve
showed an appetite for larger rate hikes, even at the risk of
throwing the economy into a recession  .N 
    ** Megaport  MP1.AX  top loser on the index, shedding 5.2%,
followed by BrainChip  BRN.AX  and Novonix  NVX.AX , down 4.2%
and 3.5%, respectively  
    ** ASX-listed shares of Block Inc  SQ2.AX  fall 1.3%  
    ** Sub-index is down 33% this year, as of last close 
 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))