Australian technology stocks track Wall Street lower on valuation, economic jitters

Megaport

07/11/2025 02:33

** Australian technology stocks .AXIJ lose as much as 1.7% to hit their lowest level since May 13

** Shares move in tandem with Wall Street's overnight losses as concerns over valuations persisted .N

** Shares of Megaport MP1.AX slide as much as 3.5%, while sector leader WiseTech Global WTC.AX drops as much as 2.3% to lowest point since December 2023

** Technology sub-index down 5.7%, YTD

 (Reporting by Nichiket Sunil in Bengaluru)

 (( Nichiket.Sunil@thomsonreuters.com ))