** Australian technology stocks fall as much as 2.5%, their biggest intraday pct loss since Aug 5
** Sub-index hits its lowest level since Aug 29
** U.S. stocks slumped on Tuesday, ahead of data likely to influence how much the Federal Reserve will lower interest rates
** ASX-listed shares of Block Inc and Xero each retreat as much as 3%
** Sub-index up 40.3% YTD, as of last close
(Reporting by Echha Jain in Bengaluru)
((Echha.jain@thomsonreuters.com))
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