Australian tech stocks track Wall St higher, eyes best day in over a week

Brainchip Holdings

28/06/2023 06:01

** Australian technology stocks  .AXIJ  rise as much as
1.6%, set for their best day since June 19, if gains hold 
    ** AXIJ tracks gains in Wall Street overnight as upbeat
economic data soothed investor worries about an imminent
recession triggered by the Federal Reserve's aggressive interest
rate hikes  .N 
    ** ASX-listed shares of Block Inc  SQ2.AX  jump up to 4.2%,
set for their best day since June 7, if gains hold  
    ** Shares of BrainChip Holdings Ltd  BRN.AX  rise as much as
8.8% to become the top gainer in the sub-index      
    ** Sub-index major Xero Ltd  XRO.AX  rise up to 1.9%
    ** AXIJ has gained 25.2% YTD as of last close, compared to
1.1% gain in benchmark ASX 200  .AXJO  
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))