Aussie tech stocks track Wall Street lower in second session of losses

Brainchip Holdings

06/01/2023 02:07

** Australian technology stocks  .AXIJ  fell 1.3%; eyeing a
second consecutive session of losses
    ** Sub-index tracks overnight losses on Wall St. as evidence
of a tight labour market eroded hopes that the Federal Reserve
could pause its rate hike cycle anytime soon  .N 
    ** Xero Ltd  XRO.AX  toppled 3.3%, emerging the top loser on
the sub-index 
    ** ASX-listed shares of Block Inc  SQ2.AX  fell as much as
1.7%, set to mark worst day since Dec. 28, 2022 if losses hold  
    ** Megaport Ltd  MP1.AX  slumped 3.2% while BrainChip
Holdings  BRN.AX  fell 3.3%
    ** AXIJ fell 34.3% in 2022 
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))