Stock Track | Megaport Soars 6.29% as Australian Tech Stocks Rally on Easing Trade Tensions

Stock Track

May 16, 2025

Shares of MEGAPORT LTD (MP1.AU) surged 6.29% in Tuesday's trading session, riding the wave of a broader rally in Australian technology stocks. The surge comes as Wall Street's overnight gains and easing trade tensions between the U.S. and China boosted market sentiment.

The Australian technology sector index (.AXIJ) climbed as much as 4.5% to 2,698 points, reaching its highest level since February 24. This surge was primarily driven by the signing of a deal between the United States and China to temporarily lower tariffs, which has significantly improved investor confidence in the tech sector.

Megaport's strong performance was in line with other prominent Australian tech companies, with WiseTech (WTC.AX) jumping 7% and Siteminder (SDR.AX) gaining 5.1%. The positive momentum in the sector suggests that investors are becoming more optimistic about the growth prospects of technology companies in the current economic environment.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1100930711"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1100930711\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1100930711?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-05-16 14:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1100930711","market":"us","top_or_hot":-1,"title":"Stock Track | Megaport Soars 6.29% as Australian Tech Stocks Rally on Easing Trade Tensions","media":"Stock Track","content":"<p>Shares of MEGAPORT LTD (MP1.AU) surged 6.29% in Tuesday's trading session, riding the wave of a broader rally in Australian technology stocks. The surge comes as Wall Street's overnight gains and easing trade tensions between the U.S. and China boosted market sentiment.</p>\n\n<p>The Australian technology sector index (.AXIJ) climbed as much as 4.5% to 2,698 points, reaching its highest level since February 24. This surge was primarily driven by the signing of a deal between the United States and China to temporarily lower tariffs, which has significantly improved investor confidence in the tech sector.</p>\n\n<p>Megaport's strong performance was in line with other prominent Australian tech companies, with WiseTech (WTC.AX) jumping 7% and Siteminder (SDR.AX) gaining 5.1%. The positive momentum in the sector suggests that investors are becoming more optimistic about the growth prospects of technology companies in the current economic environment.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Megaport Soars 6.29% as Australian Tech Stocks Rally on Easing Trade Tensions</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Megaport Soars 6.29% as Australian Tech Stocks Rally on Easing Trade Tensions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-05-16 14:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of MEGAPORT LTD (MP1.AU) surged 6.29% in Tuesday's trading session, riding the wave of a broader rally in Australian technology stocks. The surge comes as Wall Street's overnight gains and easing trade tensions between the U.S. and China boosted market sentiment.</p>\n\n<p>The Australian technology sector index (.AXIJ) climbed as much as 4.5% to 2,698 points, reaching its highest level since February 24. This surge was primarily driven by the signing of a deal between the United States and China to temporarily lower tariffs, which has significantly improved investor confidence in the tech sector.</p>\n\n<p>Megaport's strong performance was in line with other prominent Australian tech companies, with WiseTech (WTC.AX) jumping 7% and Siteminder (SDR.AX) gaining 5.1%. The positive momentum in the sector suggests that investors are becoming more optimistic about the growth prospects of technology companies in the current economic environment.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MP1.AU","symbol_name":"MEGAPORT LTD","start_time":0,"source_url":"","article_id":"1100930711","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100930711","pubTimestamp":1747378377,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of MEGAPORT LTD  surged 6.29% in Tuesday's trading session, riding the wave of a broader rally in Australian technology stocks. The surge comes as Wall Street's overnight gains and easing trade tensions between the U.S. and China boosted market sentiment.The Australian technology sector index  climbed as much as 4.5% to 2,698 points, reaching its highest level since February 24. This surge was primarily driven by the signing of a deal between the United States and China to temporarily low","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MP1.AU":"MEGAPORT LTD"},"translate_title":"澳大利亚科技股因贸易紧张局势缓解而上涨，Megaport股价飙升6.29%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MP1.AU":1},"content_text":"Shares of MEGAPORT LTD (MP1.AU) surged 6.29% in Tuesday's trading session, riding the wave of a broader rally in Australian technology stocks. The surge comes as Wall Street's overnight gains and easing trade tensions between the U.S. and China boosted market sentiment.\nThe Australian technology sector index (.AXIJ) climbed as much as 4.5% to 2,698 points, reaching its highest level since February 24. This surge was primarily driven by the signing of a deal between the United States and China to temporarily lower tariffs, which has significantly improved investor confidence in the tech sector.\nMegaport's strong performance was in line with other prominent Australian tech companies, with WiseTech (WTC.AX) jumping 7% and Siteminder (SDR.AX) gaining 5.1%. The positive momentum in the sector suggests that investors are becoming more optimistic about the growth prospects of technology companies in the current economic environment.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}