Australian tech stocks track Wall Street lower, drop most in 1 month

Taiton Resources

01/02/2024 03:03

** Australian technology stocks  .AXIJ  fall as much as
2.1%, their biggest intraday percentage decline since Jan 5
    ** Wall Street tumbled overnight after the U.S. Federal
Reserve stood pat on interest rates, while tempering hopes of a
March rate cut  .N 
    ** Business software firm Xero  XRO.AX  falls as much as 2%
to hit its lowest level in two weeks
    ** ASX-listed shares of Block  SQ2.AX  and Wisetech Global
 WTC.AX  drop as much as 3.7% and 3.2%, respectively
    ** AXIJ rose 1.2% last month



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))