Australia's tech stocks hit over 2-year low tracking Wall Street slump

WiseTech Global

22/03/2026 23:49

** Australian tech stocks .AXIJ fall as much as 3.3%, its lowest level since late October, 2023

** Sub-index falls on the back of Wall Street ending sharply lower on Friday, with the S&P 500 closing at its lowest in six months, as the U.S.-Israeli war against Iran entered its fourth week, deepening worries about inflation .N

** Sector giants WiseTech Global WTC.AX drops 5%, while Xero XRO.AX sheds 3.9%

** Sub-index has fallen 26.1% this year, including the session's moves

(Reporting by Roshan Thomas in Bengaluru)

((Roshan.Thomas@thomsonreuters.com;))