Australian tech stocks track Wall Street on AI optimism, climb to near four-month high
02/06/2026 01:46
BUZZ-Australian tech stocks track Wall Street on AI optimism, climb to near four-month high ** Shares of Australian tech stocks .AXIJ rise as much as 4.3%, hitting their highest level since February 4
** Stock on track for a third consecutive session of gains, if current trend holds
** Sub-index tracks U.S. peers higher, which gained as investors cheered unveiling of new computer chip that promises to bring artificial intelligence to personal computing
** Among sector giants, WiseTech Global WTC.AX and Xero XRO.AX both gain more than 8%
** WTC and XRO among top gainers on broader ASX200 benchmark .AXJO, which is down about 1% in early trade
** AXIJ down over 10% this year, including the day's move
(Reporting by Rajasik Mukherjee in Bengaluru)