Australian tech stocks hit 3-month high after Wall Street rally

EML Payments

04/08/2022 01:53

** Australian tech stocks  .AXIJ  rise as much as 3.4% to
their highest since May 2 
    ** Tech-heavy Nasdaq  .IXIC  rose overnight after strong
profit forecasts from payments solutions provider Paypal
 PYPL.O  and a pick-up in U.S. services industry buoyed
sentiment  .N 
    ** ASX-listed share of Block Inc  SQ2.AX  soar 9.2% to lead
gains on the sub-index, followed by a 5.6% rise in EML Payments
 EML.AX  
    ** Megaport  MP1.AX  and Life360  LIFX.PK  climb 3.9% an
5.4%, respectively, to be among the top gainers on the sub-index
    ** AXIJ, however, down ~26% this year, as of last close 

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))