Australian tech stocks rise as Wall Street rallies on easing trade war

SiteMinder

13/05/2025 02:37

** Australian technology stocks .AXIJ rise as much as 4.5% to 2698 points, highest since February 24

** Sub-index set for biggest intraday pct gain since April 10

** AXIJ tracks Wall Street's overnight rally after the U.S. and China signed deal to temporarily lower tariffs, boosting market sentiment .N

** ASX-listed shares of California-based Life360 360.AX LIF.O biggest pct gainer on local benchmark .AXJO on strong Q1 earnings

** Megaport MP1.AX, Siteminder SDR.AX and WiseTech WTC.AX gains 6%, 5.1% and 7%, respectively

** YTD, sub-index down 1.9%

 (Reporting by Nichiket  Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com;))