BUZZ-Aussie tech stocks rise as Wall Street rally takes steam

Reuters
01-16
BUZZ-Aussie tech stocks rise as Wall Street rally takes steam

** Australia's technology-focused sub-index .AXIJ jumps 1.7% to 2681.6 points

** AXIJ mirrors Wall Street's overnight gains, which were driven by lower-than-expected December 2024 U.S. core inflation data and strong earnings reports from major U.S. banks .N

** ASX-listed shares of family safety app provider Life360 360.AX and software solutions provider Wisetech Global WTC.AX topped gains in AXIJ, up 3.1% and 2.21%, respectively

** Sub-index climbed as much as 2.8% earlier in the day, marking its biggest intraday pct gain since Nov. 19, 2024

** AXIJ down 2.3% YTD vs benchmark S&P/ASX 200 index's .AXJO 2.23% rise

(Reporting by Roushni Nair in Bengaluru)

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

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