Australian tech stocks hit near 3-year low tracking Wall Street losses

SiteMinder

26/03/2026 23:36

** Australian technology stocks .AXIJ fall as much as 1.3%, their lowest level since early May 2023

** Sub-index set for its third consecutive week of losses, having lost 3.7% in the week so far

** Overnight, Nasdaq tumbled more than 2% to confirm a correction while the S&P 500 and the Dow fell more than 1%

** Shares of tech firms NEXTDC NXT.AX and SiteMinder SDR.AX down 2.6% and 2.7% respectively

** Sub-index has fallen 27% this year, including the session's moves

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))