** Australia's IT stocks rise as much as 1.7% to hit their highest since July 17
** Wall Street rallied on Wednesday as the Federal Reserve kept U.S. interest rates unchanged while signalling possible easing in September if inflation cools
** Software co WiseTech Global advances as much as 2.3% and ASX-listed shares of Block rise as much as 1.6%
** Heavyweight Xero jumps as much as 2.7%, hitting a more than two-week high
** The sub-index has risen 28% this year, as of last close
(Reporting by Poonam Behura in Bengaluru)
((Poonam.Behura@thomsonreuters.com;))
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.