Mid-cap Aussie tech shares track losses in U.S. tech stocks

FINEOS Holdings

11/05/2021 06:17

** IT stocks spark a sell-off in Australian equities, after
high-flying tech stocks fell on Wall Street overnight  .N ,
 .AX 
    ** Analysts warn of a volatile week ahead if Nasdaq sell-off
continues on worries over a potential jump in inflation 
    ** Australia's mid-cap tech stocks join in the decline, with
app maker Redbubble Ltd  RBL.AX  slumping 9%, the top pct. loser
on the S&P/ASX 200 index  .AXJO 
    ** Digital wagering firms PointsBet Holdings  PBH.AX  and
Betmakers Technology Group Ltd  BET.AX  shed 8% and 4%,
respectively
    ** Recently listed analytics software provider Nuix Ltd
 NXL.AX  falls 3.3% to hit a record low
    ** Software maker Altium Ltd  ALU.AX  and smaller peer
FINEOS Corp Holdings  FCL.AX  fall about 2.5% each
    ** Broader tech index  .AXIJ , which none of these companies
are a part of, is down 4%, while Australia stocks  .AXJO  are up
1.1%


 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))