BUZZ-Australian tech stocks track Wall Street peers to surge most in nearly 3 weeks
Reuters
Jan 07
BUZZ-Australian tech stocks track Wall Street peers to surge most in nearly 3 weeks
** Australian technology stocks .AXIJ rise as much as 2.1%, while the broader benchmark .AXJO trades largely unchanged
** Sub-index logs biggest intraday pct gain since December 19
** U.S.-listed memory and storage chipmakers hit record highs overnight on renewed investor optimism in artificial intelligence .N
** Sector leaders WiseTech Global WTC.AX and Xero XRO.AX climb as much as 2.1% and 2.6%, respectively
** Xero set to gain most in nearly three weeks
** AXIJ shed 21% last year, lagging behind a 6.8% rise on AXJO
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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