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BUZZ-Australian technology stocks hit over 3-week low after Wall Street dips

Reuters
Jan 13, 2025

** Australian technology shares fall as much as 3.4% to their lowest since Dec. 19, 2024

** Sub-index is set for fourth consecutive session of losses, if trend holds

** U.S peers fell on Friday, erasing S&P 500's 2025 gains amid renewed inflation worries and anticipation of a wary Fed approach to rate cuts

** ASX-listed shares of family safety app provider Life360

fall as much as 5.8%, their biggest intraday pct loss since Dec. 19, 2024

** Shares of IT solutions provider Data#3 drop as much as 3.9%, their lowest since late-August, 2023

** Sub-index last year gained 49.5%, outperforming the benchmark S&P/ASX 200 index 's 7.5% rise

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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