BUZZ-Australian tech stocks snap four-day winning streak to track Wall Street peers lower

Reuters

02-10

BUZZ-Australian tech stocks snap four-day winning streak to track Wall Street peers lower

** Australian tech stocks .AXIJ fall 1.6% to 2866.4, in tandem with U.S. peers on Friday following weak jobs data and an escalation in the trade war .N

** The sub-index .AXIJ set for its highest intraday drop since February 3, after posting gains for four straight sessions

** Tech major WiseTech Global WTC.AX is the weakest performer in the sub-index, with shares having fallen 5.5% to A$122.72 earlier in the day, dropping most since December 19, 2024

** Shares of Audinate AD8.AX down 2.7%, seeing their weakest session since February 4

** Tech sub-index .AXIJ rose 49.5% in 2024

(Reporting by Nichiket Sunil in Bengaluru)

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

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12:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australian tech stocks snap four-day winning streak to track Wall Street peers lower </title></head><body><p>** Australian tech stocks <span>.AXIJ</span> fall 1.6% to 2866.4, in tandem with U.S. peers on Friday following weak jobs data and an escalation in the trade war <span>.N</span></p><p>** The sub-index <span>.AXIJ</span> set for its highest intraday drop since February 3, after posting gains for four straight sessions</p><p>** Tech major WiseTech Global <span>WTC.AX</span> is the weakest performer in the sub-index, with shares having fallen 5.5% to A$122.72 earlier in the day, dropping most since December 19, 2024</p><p>** Shares of Audinate <span>AD8.AX</span> down 2.7%, seeing their weakest session since February 4</p><p>** Tech sub-index <span>.AXIJ</span> rose 49.5% in 2024</p><p> (Reporting by Nichiket Sunil in Bengaluru)</p><p> 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** Australian tech stocks .AXIJ fall 1.6% to 2866.4, in tandem with U.S. peers on Friday following weak jobs data and an escalation in the trade war .N** The sub-index .AXIJ set for its highest intraday drop since February 3, after posting gains for four straight sessions** Tech major WiseTech Global WTC.AX is the weakest performer in the sub-index, with shares having fallen 5.5% to A$122.72 earlier in the day, dropping most since December 19, 2024** Shares of Audinate AD8.AX down 2.7%, seeing their weakest session since February 4** Tech sub-index .AXIJ rose 49.5% in 2024 (Reporting by Nichiket Sunil in Bengaluru) ((Nichiket.Sunil@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}