Australian technology stocks track Wall Street peers, tumble to near one-week low

Life360

02/07/2025 04:38

** Australian technology stocks .AXIJ fall as much as 1.6% to 2858.7, their lowest level since June 26

** Sub-index tracks tech-heavy Nasdaq Composite .IXIC, which dropped overnight on weakness in large-cap tech stocks .N

** ASX-listed shares of Life360 Inc 360.AX plunge 3% to be among the broader benchmark's .AXJO biggest percent losers

** Software provider Megaport MP1.AX down as much as 2.9%, its biggest intraday percent loss since June 19

** YTD, sub-index down 27.1%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))