Australian technology stocks hit over 3-week low after Wall Street dips

Life360

13/01/2025 04:01

** Australian technology shares  .AXIJ  fall as much as 3.4%
to their lowest since Dec. 19, 2024
    ** Sub-index is set for fourth consecutive session of
losses, if trend holds
    ** U.S peers fell on Friday, erasing S&P 500's 2025 gains
amid renewed inflation worries and anticipation of a wary Fed
approach to rate cuts  .N 
    ** ASX-listed shares of family safety app provider Life360
 360.AX  fall as much as 5.8%, their biggest intraday pct loss
since Dec. 19, 2024
    ** Shares of IT solutions provider Data#3  DTL.AX  drop as
much as 3.9%, their lowest since late-August, 2023
    ** Sub-index last year gained 49.5%, outperforming the
benchmark S&P/ASX 200 index  .AXJO 's 7.5% rise 

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))