Australian tech stocks track Wall Street peers to hit 9-month low

Taiton Resources

30/01/2026 24:29

** Australian technology stocks .AXIJ fall as much as 1.7% to hit lowest since April 7, 2025

** Sub-index on track for fourth straight session of losses, if trends sustain

** Tech-heavy Nasdaq Composite .IXIC finished down 0.7% on investor worries of hefty spending on artificial intelligence paying off for mega‑cap tech companies .N

** Sector leaders WiseTech Global WTC.AX and Xero XRO.AX lose as much as 2.3% and 2.9%, respectively

** WiseTech hits lowest since November 1, 2023, while Xero touched lowest level since May 11, 2023

** AXIJ down 8.8% so far this year, lagging behind a 2.8% gain on the benchmark .AXJO

(Reporting by Nikita Maria Jino in Bengaluru)

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