Australia's tech stocks fall tracking US peers

WiseTech Global

18/03/2026 23:26

** Shares of Australian tech companies .AXIJ fall as much as 2.9%, hitting their lowest level since February 25

** Sub-index tracks a decline in Wall Street peers — down after the U.S. Federal Reserve held interest rates steady .N

** Sub-index logs worst trading day since March 12

** Sector giants WiseTech Global WTC.AX falls 4.4%, while Xero XRO.AX sheds 3.1%

** AXIJ down nearly 25% so far this year, including day's move

 (Reporting by Rajasik Mukherjee in Bengaluru)

 ((Rajasik.Mukherjee@thomsonreuters.com))