Australian tech stocks eye worst day in 2 months on subdued Wall Street cues

Link Administration Holdings

08/06/2023 01:49

** Australian Technology stocks  .AXIJ  fell as much as 2%,
worst day since April 6 if losses hold
    ** Sub-index tracks a muted session on Wall Street as
investors took profits after a months-long megacap stocks run
and ahead of key U.S. economic and policy events next week  .N 
    ** Accounting software producer Xero  XRO.AX  toppled 2.6%
while share registry firm Link Administration  LNK.AX  skid 0.8%
  
    ** NEXTDC Ltd  NXT.AX  emerged as the top loser on the
sub-index after falling 2.6%  
    ** AXIJ hits lowest since May 26 
    ** Sub-index has risen 27% this year as of last close

 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))