Australian tech stocks track Wall Street gains to hit near 1-month high

Taiton Resources

17/07/2025 04:10

** Australian technology stocks .AXIJ rise as much as 1.4%, hitting their highest level since June 25

** Sub-index poised to log a third straight session of gains, if current trend holds

** Technology-heavy Nasdaq Composite .IXIC posts a fifth record high of six sessions after U.S. President Donald Trump denied reports of replacing Federal Reserve Chair Jerome Powell .N

** Accounting software maker Xero XRO.AX advances 1.7%, while financial administration services provider Computershare CPU.AX gains 2.6%

** AXIJ up 6.7% YTD, including current session moves, outperforming a 5.8% gain on the broader benchmark index .AXJO

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))