Australian tech stocks drop tracking Nasdaq fall
27/08/2026 03:34
BUZZ-Australian tech stocks drop tracking Nasdaq fall ** Shares of Australian tech stocks .AXIJ fall as as much as 2.5%, hitting their lowest level since August 5
** Sub-index tracks global peers lower after the tech-heavy Nasdaq IXIC falls nearly 1%, following a hotter than expected U.S. inflation reading .N
** Among sector giants, WiseTech WTC.AX falls nearly 3%, and Xero XRO.AX drops as much as 2.9%
** AXIJ down over 10% this year, including the day's move
(Reporting by Rajasik Mukherjee in Bengaluru)