Aussie tech stocks follow Wall Street rally, touch highest level in month

Brainchip Holdings

06/03/2023 24:01

** A sub-index of Australian technology stocks  .AXIJ 
climbs as much as 2.6% to its highest level since Feb 6
    ** AXIJ tracks sharp gains on tech-heavy Nasdaq index on
Friday as strong economic data helped investors look past the
possibility that the Federal Reserve could maintain its interest
rate hiking campaign till later in the year  .N 
    ** Software solutions provider Brainchip Holdings  BRN.AX 
rises as much as 12.8% to top gains on the sub-index
    ** ASX-listed shares of Block Inc  SQ2.AX  advance as much
as 5.6% while Xero Ltd  XRO.AX  climbs as much as 4.5%
    ** As of last close, AXIJ up 6.6% this year, compared with a
3.5% rise in the benchmark index  .AXJO 

    

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))