Australian technology shares slip, track Nasdaq selloff

Zip

08/07/2026 05:19

** Australian technology shares fall 2.1%, on track for their worst day since June 23, if moves hold
** Sub-index tracks peer Nasdaq's overnight fall due to mounting doubts about the sustainability of Wall Street's AI-driven rally
** AXIJ snaps a three-day winning streak
** Sub-index heavyweights WiseTech Global WTC.AX loses 7.6%, Zip Co ZIP.AX down 4.4% and Xero XRO.AX slides 1.8%  
** Sub-index down about 16.9% vs the benchmark's .AXJO 0.4% gain on YTD basis

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((Jasmeenaraislam.Shaikh@thomsonreuters.com;))