Aussie tech stocks near 3-week low, track Wall Street lower

TECHNOLOGY ONE

11/12/2024 03:32

** Australian technology stocks  .AXIJ  decline as much as
1.8% to their lowest since Nov. 22
    ** Sub-index tracks overnight losses in Wall Street peers,
as investors anxiously await key inflation reports that could
influence the Federal Reserve's rate decision next week  .N 
    ** AXIJ down for four straight sessions
    ** ASX-listed shares of Block  SQ2.AX  and Enterprise
software provider TechnologyOne  TNE.AX  drop as much as 1.3%
each
    ** Logistics and accounting software providers Wisetech
Global  WTC.AX  and Xero  XRO.AX  top losses on the sub-index
    ** Sub-index up ~50% this year, as of last close

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))