Australian tech stocks hit nearly 4-week low, tracking Wall Street
Tue 04:07
BUZZ-Australian tech stocks hit nearly 4-week low, tracking Wall Street ** Australian tech stocks .AXIJ fall as much as 1.8%, their lowest point since May 28, and are on course for a second straight day of losses, if current trend holds
** Benchmark .AXJO flat
** Tech stocks skid on the back of U.S. peers; Nasdaq Composite .IXIC closed lower on Monday, dragged by declines in megacap technology stocks including Alphabet .N
** Sector majors WiseTech Global WTC.AX and Xero Ltd XRO.AX down more than 1% each
** YTD, sub-index down 19.9%, AXJO up 1.3%
(Reporting by Aamir Sheik Khalid in Bengaluru)
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