Australian technology stocks track Wall Street higher on US-Iran ceasefire optimism
29/05/2026 02:15
BUZZ-Australian technology stocks track Wall Street higher on US-Iran ceasefire optimism ** Australian technology stocks .AXIJ rise as much as 2%, their biggest intraday pct gain since May 12
** Stocks jump nearly 2% this week, on track for its best week since mid-April, if gains hold
** The sub-index tracks gains in U.S. stocks, with the S&P 500 and the Nasdaq posting record closing highs on reports that the US and Iran have reached a draft agreement to extend their ceasefire for 60 days .N
** IT firm NEXTDC NXT.AX, Siteminder SDR.AX, and Goodman Group GMG.AX climb between 0.9% and 2.7%
** Sub-index down ~18% this year so far
(Reporting by Anjali Singh in Bengaluru)
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