Australian tech stocks hit near two-month low, tracking Wall Street
11/09/2026 02:01
BUZZ-Australian tech stocks hit near two-month low, tracking Wall Street ** Australian technology stocks .AXIJ decline as much as 1.9% to their lowest since July 17
** Sub-index marks fifth straight day of losses and heads for 7.6% weekly decline, its worst in more than seven months
** U.S. stocks ended down on Thursday after producer price data for August and surging oil prices stoked worries the Federal Reserve will hike interest rates next week .N
** Heavyweight chipmakers Nvidia NVDA.O down 2.3% and Micron Technology MU.O lost 4.9%
** Shares of WiseTech Global WTC.AX and Xero XRO.AX fall as much as 4.1% and 2%, respectively - both hitting their lowest levels since late July
** YTD, tech sub-index down 23%
(Reporting by Subhalakshmi Dey in Bengaluru)