BUZZ-Aussie tech stocks near 3-week low, track Wall Street lower

Reuters
11 Dec 2024
BUZZ-Aussie tech stocks near 3-week low, track Wall Street lower

** Australian technology stocks .AXIJ decline as much as 1.8% to their lowest since Nov. 22

** Sub-index tracks overnight losses in Wall Street peers, as investors anxiously await key inflation reports that could influence the Federal Reserve's rate decision next week .N

** AXIJ down for four straight sessions

** ASX-listed shares of Block SQ2.AX and Enterprise software provider TechnologyOne TNE.AX drop as much as 1.3% each

** Logistics and accounting software providers Wisetech Global WTC.AX and Xero XRO.AX top losses on the sub-index

** Sub-index up ~50% this year, as of last close

(Reporting by Roushni Nair in Bengaluru)

((Roushni.Nair@thomsonreuters.com;))

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