Australia's tech stocks rise, tracking Wall Street's run

NEXTDC

23/01/2026 24:11

** Shares of Australian tech stocks .AXIJ rise as much as 2.8%, logging their biggest intraday pct gain since Nov. 27

** Sub-index tracks its peers on Wall Street, where tech-heavy Nasdaq closed 0.9% up

** Wall Street's main indexes finished higher on Thursday, as investors bought shares after U.S. President Donald Trump rescinded tariff threats on European allies .N

** Data centre operator NEXTDC NXT.AX rises 2% while New Zealand-based Xero XRO.AX gains 1.1%

** AXIJ down 4% YTD, sheds 1.6% so far this week

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))