Australia's tech stocks rebound, tracking Wall Street peers

Brainchip Holdings

29/01/2025 01:19

** Australian tech stocks  .AXIJ  rise 2.2%, paring losses
from previous session
    ** Sub-index rises to its highest level since Dec. 10
    ** Sub-index tracked gains from its Wall Street peers as
AI-linked technology shares recovered from a sharp selloff
triggered by DeepSeek, a low-cost Chinese AI model 
    ** Shares of AI software firm Appen  APX.AX  and AI
chipmaker Brainchip  BRN.AX  up 2.9% and 4.6%, respectively
    ** Sub-index down 0.9% this year, as of last close

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))