Australian tech stocks track Wall Street lower, hit six-month low

SiteMinder

18/11/2025 01:32

** Australian technology stocks .AXIJ fall 5.13%, hitting their lowest level since April 23 and on track for their biggest daily drop since April 7

** Overnight, Wall Street ended lower with the tech-heavy Nasdaq Composite .IXIC losing 0.84% .N

** Enterprise software firm TechnologyOne TNE.AX leads losses on the Australian sub-index, falling 14%

** TNE's annual profit after tax of A$137.6 million ($89.21 million) misses Visible Alpha consensus estimate of A$139.9 million

** Catapult Sports CAT.AX and Siteminder SDR.AX follow TNE, slipping 7.9% and 5.3%, respectively

** CAT's HY loss attributable widens to $8.6 million from $7.4 million last year

** AXIJ down 3.4% this year, including the day's move

($1 = 1.5425 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)

 ((Roushni.Nair@thomsonreuters.com))