BUZZ-Australian tech stocks hit 1-1/2-month low on US-China tariff jitters

Reuters
2025/10/13
BUZZ-Australian tech stocks hit 1-1/2-month low on US-China tariff jitters

** Australian technology stocks .AXIJ slip as much as 3.1% to 2,823.6, their lowest level since September 4

** AXIJ reports its biggest intraday drop since September 3

** Sub-index tracks sharp fall in tech stocks on Wall Street on Friday after U.S. President Donald Trump said he was raising tariffs on Chinese exports to 100% and imposing export controls on "any and all critical software"

** Technology One TNE.AX dips 3.5% while Wisetech Global WTC.AX and Xero XRO.AX fall 2.9% and 2.4%, respectively

** YTD, AXIJ up 3.3%

(Reporting by Keshav Singh Chundawat in Bengaluru)

((Keshav.singhchundawat@thomsonreuters.com))

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