BUZZ-Australia's tech stocks hit over 2-year low tracking Wall Street slump
Reuters
Mar 23
BUZZ-Australia's tech stocks hit over 2-year low tracking Wall Street slump
** Australian tech stocks .AXIJ fall as much as 3.3%, its lowest level since late October, 2023
** Sub-index falls on the back of Wall Street ending sharply lower on Friday, with the S&P 500 closing at its lowest in six months, as the U.S.-Israeli war against Iran entered its fourth week, deepening worries about inflation .N
** Sector giants WiseTech Global WTC.AX drops 5%, while Xero XRO.AX sheds 3.9%
** Sub-index has fallen 26.1% this year, including the session's moves
(Reporting by Roshan Thomas in Bengaluru)
((Roshan.Thomas@thomsonreuters.com;))
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