Australia's technology stocks track Wall Street higher, hit near 2-month high

Megaport

06/02/2025 04:04

** Australian technology stocks  .AXIJ  rise 0.8% to
2,910.3, on track for their third straight session of gains,
following overnight Wall street rally on rate cut prospects  .N 
    ** Sub-index at highest level since Dec. 10
    ** Shares of Codan  CDA.AX , which develops electronics
solutions, rises 3.3% to A$16.935, its best day since December
20, 2024
    ** Sub-index constituent Megaport  MP1.AX  is up 2.8%
    ** The broader S&P/ASX 200 index  .AXJO  up 1.2% on the day
    ** Technology index rose 49.5% in 2024

 (Reporting by Nichiket Sunil in Bengaluru)
 ((Nichiket.Sunil@thomsonreuters.com;))