Australian tech stocks hit 3-week low on Wall Street weakness

Life360

27/03/2024 24:35

** Australian technology stocks sub-index  .AXIJ  falls as
much as 1.1%, tracking Wall Street peers to hit its lowest level
since March 7
    ** U.S. stocks slipped on Tuesday as investors awaited
economic data in a holiday-shortened week to gauge the Federal
Reserve's policy path  .N  
    ** Shares of tech co Xero  XRO.AX  fall as much as 0.6%
    ** Shares of Life360  360.AX  retreat up to 2.0% to become
the top loser in the sub-index 
    ** AXIJ up 24.4% YTD as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))