Australian technology stocks track Wall Street higher on US-Iran ceasefire optimism

NEXTDC

29/05/2026 02:15

    ** Australian technology stocks  .AXIJ  rise as much as 2%,
their biggest intraday pct gain since May 12
    ** Stocks jump nearly 2% this week, on track for its best
week since mid-April, if gains hold 
    ** The sub-index tracks gains in U.S. stocks, with the S&P
500 and the Nasdaq posting record closing highs on reports that
the US and Iran have reached a draft agreement to extend their
ceasefire for 60 days  .N 
    ** IT firm NEXTDC  NXT.AX , Siteminder  SDR.AX , and Goodman
Group  GMG.AX  climb between 0.9% and 2.7%
    ** Sub-index down ~18% this year so far

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))