Australia's tech stocks rally after U.S. Fed rate hike, top ASX 200

EML Payments

17/03/2022 01:01

** Australia's tech sub-index  .AXIJ  surges up to 5.8%
after a robust Wall Street session on U.S. Federal Reserve's
rate hike
    ** Index notches its highest levels since Feb 17
    ** Tech-heavy Nasdaq Composite  .IXIC  gained 3.8% higher
following Fed's quarter-percentage-point interest rates hike
 .N 
    ** ASX-listed shares of Block Inc  SQ2.AX  surge 11.6%, lead
gains on AXIJ, followed by EML Payments  EML.AX , up 6.8%
    ** AXIJ leads gains on benchmark ASX 200  .AXJO , eyes best
session since Feb. 25, if gains hold
    ** Index down 22.6% this year, as of last close, compared
with a 3.6% decline in the ASX 200

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))