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BUZZ-Australian technology stocks track Wall Street lower on valuation, economic jitters

Reuters
11/07
BUZZ-Australian technology stocks track Wall Street lower on valuation, economic jitters

** Australian technology stocks .AXIJ lose as much as 1.7% to hit their lowest level since May 13

** Shares move in tandem with Wall Street's overnight losses as concerns over valuations persisted .N

** Shares of Megaport MP1.AX slide as much as 3.5%, while sector leader WiseTech Global WTC.AX drops as much as 2.3% to lowest point since December 2023

** Technology sub-index down 5.7%, YTD

(Reporting by Nichiket Sunil in Bengaluru)

(( Nichiket.Sunil@thomsonreuters.com ))

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