Australian tech stocks drop as geopolitical, AI jitters dampen risk sentiment

SiteMinder

02/03/2026 24:59

** Australian technology stocks .AXIJ slip as much as 4.5%, their biggest intraday pct loss since February 23

** The tech sub-index in the red after Wall Street dropped on Friday over geopolitical tensions, tariff and AI anxiety .N

** Broader Australian benchmark in the red on Monday as Middle East conflict escalates .AX

** Siteminder SDR.AX drops as much as 11.1%, WiseTech Global WTC.AX falls 3.8%

** YTD, AXIJ sub-index down 20.2%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))