Australian tech stocks lose most in over 6 months, tracking Nasdaq's slump

Xero

15/10/2026 02:00

** Australian tech stocks .AXIJ fell as much as 4.7%, their biggest intraday pct drop since April 9
** Sub-index touches its lowest level since April 14 
** Tech stocks fall as hotter-than-expected inflation data sent US peer Nasdaq to a sharply lower close overnight .N
** Tech major Xero XRO.AX down more than 4%, Jefferies cuts price target flagging AI risks and stiff US competition   
** YTD, AXIJ down nearly 27%, including day's moves

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))