Australian tech stocks follow Wall Street peers higher

Megaport

04/05/2026 05:17

** Shares of Australian tech stocks .AXIJ rise as much as 2.5%, hitting their highest level since April 22

** Sub-index tracks U.S. stocks higher with the Nasdaq closing higher, boosted by robust earnings and a dip in crude prices .N

** ASX-listed Xero XRO.AX rise 3.4%, logging its best trading day since April 16

** Network as a Service (NaaS) provider Megaport MP1.AX gains as much as 2.1%

** AXIJ down over 16% this year, including the day's move

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))