BUZZ-Australian tech stocks hit 3-1/2-month low, track Wall Street peers

Reuters

2025/02/24

** Australian tech stocks .AXIJ fall as much as 8.8% to 3-1/2-month low in its steepest drop since mid-May 2022

** Last down 7%

** Stocks set to log fourth straight session of losses

** Wall Street peers fell on Friday on weak economic data and worries of softening consumer demand .N

** Adding pressure, shares of Australian logistics software maker WiseTech Global WTC.AX slid nearly 22% after four directors stepped down due to differing views around the role of the company's billionaire founder and former CEO Richard White

** Tech sub-index has declined 3.4% so far this year

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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