Australian tech stocks track Wall Street lower on AI pullback
20/07/2026 01:55
BUZZ-Australian tech stocks track Wall Street lower on AI pullback ** Australian technology stocks .AXIJ fall as much as 1.4% in early trade, while the broader benchmark trades up 0.2%
** Sub-index hits its lowest level since June 26
** Tech-heavy Nasdaq Composite .IXIC ended 1.4% lower on Friday following a pullback in stocks associated with the AI boom .N
** Sector majors WiseTech Global WTC.AX and Xero XRO.AX down 2.6% and 1.7%, respectively
** YTD, AXIJ down 20.1% including the day's moves, lagging behind a 1.1% gain on the AXJO
(Reporting by Nikita Maria Jino in Bengaluru)