Aussie tech stocks scale 3-week high tracking Wall Street peers

Brainchip Holdings

13/07/2023 06:46

** Australian technology stocks  .AXIJ  advance as much as
2.6%, hitting their highest since June 21 
    ** AXIJ tracks sharp gains in its Wall Street peers after a
softer inflation print in U.S., underscoring expectations the
Federal Reserve may stand pat on interest rates hikes
    ** Shares of BrainChip Holdings  BRN.AX  surge 6.6%, leading
gains on the sub-index 
    ** Tech major Megaport  MP1.AX  climbs 2.7% while ASX-listed
shares of Block  SQ.N  edge 0.1% higher
    ** AXIJ has gained 28.08% so far this year, as of last close
    


 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))