BUZZ-Australian tech stocks hit 2-week peak on Wall Street strength

Reuters
16 Aug 2024

** Australian technology stocks climb as much as 1.9% to hit their highest level since Aug 1

** Sub-index on track for eighth consecutive session of gains, if trend holds

** Sub-index tracks overnight gains on Wall Street

** ASX-listed shares of Block Inc advance as much as 3.9% to A$98.16, their highest level since Aug 2

** SaaS firm Xero gains as much as 2.4% to A$141.23, its highest level since Aug 1

** Sub-index up 27.8% YTD, as of last close

(Reporting by Echha Jain in Bengaluru)

((Echha.jain@thomsonreuters.com))

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