BUZZ-Australian tech stocks post strongest day in over 2 weeks on Wall Street relief

Reuters
03-18
BUZZ-Australian tech stocks post strongest day in over 2 weeks on Wall Street relief

** Australian technology stocks .AXIJ gain as much as 1.7%, marking their strongest intraday session since March 3

** Sub-index rises with Wall Street as investors hunt for bargains — following Nasdaq and S&P 500's four-week fall — and evaluated economic data for insights on the Trump administration's policies impact .N

** Tech-heavy Nasdaq Composite .IXIC gained 0.31% to 17,808.66 overnight

** ASX-listed shares of Life360 360.AX and data centre provider NEXTDC NXT.AX gained as much as 3.9% and 2.1% respectively

** Sub-index down 14.4% so far this year

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))

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