BUZZ-Australia's technology stocks track Wall Street higher, hit near 2-month high

Reuters

2025/02/06

** Australian technology stocks .AXIJ rise 0.8% to 2,910.3, on track for their third straight session of gains, following overnight Wall street rally on rate cut prospects .N

** Sub-index at highest level since Dec. 10

** Shares of Codan CDA.AX, which develops electronics solutions, rises 3.3% to A$16.935, its best day since December 20, 2024

** Sub-index constituent Megaport MP1.AX is up 2.8%

** The broader S&P/ASX 200 index .AXJO up 1.2% on the day

** Technology index rose 49.5% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com;))

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