Aussie tech stocks rise as Wall Street rally takes steam

Life360

16/01/2025 24:30

** Australia's technology-focused sub-index  .AXIJ  jumps
1.7% to 2681.6 points
    ** AXIJ mirrors Wall Street's overnight gains, which were
driven by lower-than-expected December 2024 U.S. core inflation
data and strong earnings reports from major U.S. banks  .N 
    ** ASX-listed shares of family safety app provider Life360
 360.AX  and software solutions provider Wisetech Global
 WTC.AX  topped gains in AXIJ, up 3.1% and 2.21%, respectively
    ** Sub-index climbed as much as 2.8% earlier in the day,
marking its biggest intraday pct gain since Nov. 19, 2024
    ** AXIJ down 2.3% YTD vs benchmark S&P/ASX 200 index's
 .AXJO  2.23% rise

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.nair@thomsonreuters.com;))