Australian tech stocks follow US peers lower, WiseTech Global and Xero down
04/06/2026 01:30
BUZZ-Australian tech stocks follow US peers lower, WiseTech Global and Xero down ** Australian technology stocks .AXIJ fall 2.1%, on track for their biggest drop since May 14 if current losses hold
** Wall Street retreated from record highs on Wednesday as flaring tensions in the Middle East prompted investors to book some profits .N
** Sector majors WiseTech Global WTC.AX and Xero XRO.AX slip 3.2% and 2.5%, respectively
** Sub-index down 12% YTD
(Reporting by Keshav Singh Chundawat in Bengaluru)