Australian tech stocks hit 1-1/2-month low on US-China tariff jitters

TECHNOLOGY ONE

13/10/2025 01:31

** Australian technology stocks .AXIJ slip as much as 3.1% to 2,823.6, their lowest level since September 4

** AXIJ reports its biggest intraday drop since September 3

** Sub-index tracks sharp fall in tech stocks on Wall Street on Friday after U.S. President Donald Trump said he was raising tariffs on Chinese exports to 100% and imposing export controls on "any and all critical software"

** Technology One TNE.AX dips 3.5% while Wisetech Global WTC.AX and Xero XRO.AX fall 2.9% and 2.4%, respectively

** YTD, AXIJ up 3.3%

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))