Australian tech stocks track Wall Street higher to hit over 2-1/2-month high

EML Payments

22/07/2022 06:30

** Australian technology stocks  .AXIJ  rise as much as 1%
to hit their highest since May 6
    ** The sub-index is tracking its Wall Street counterparts on
gains in heavyweight growth stocks including Tesla  .N 
    ** AXIJ up for third consecutive session and is on track to
climb 7.4% this week
    ** Payments solutions provider EML Payments  EML.AX  is the
top gainer on AXIJ, jumping as much as 9% to hit a two-week high
    ** Cloud services provider Megaport  MP1.AX  and accounting
software provider Xero  XRO.AX  rise up to 6.2% and 2.9%,
respectively 
    ** AXIJ had dropped ~28.1% YTD as of last close, compared
with a 8.7% decline in the benchmark index  .AXJO 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))