Australian tech stocks track Wall Street peers, drop to three-month low

Goodman

24/07/2026 02:10

** Australian tech stocks .AXIJ fall as much as 2.9%, their lowest point since April 16
** The sector has lost 5.3% so far this week, on track for its biggest weekly drop since the week ended March 13 
** Overnight, Wall Street peers ended lower as earnings updates from large technology companies revived concerns about heavy AI spending .N
** Software solutions provider Wisetech Global WTC.AX, Xero XRO.AX and Goodman Group GMG.AX down 4.3%, 2.4% and 1.1%, respectively
** Sub-index down 23.5%, YTD

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))