BUZZ-Aussie tech stocks gain as Nasdaq futures jump

Reuters
04 Feb
BUZZ-Aussie tech stocks gain as Nasdaq futures jump

** Australia's technology sub-index .AXIJ gains 2.1% to 2,859.9 points; broader benchmark index .AXJO adds 0.4%

** Local tech stocks rise tracking a 0.9% jump in futures of tech-heavy Nasdaq

** Wall Street, which ended lower on Monday, recouped steep losses it faced earlier in the session as investors scrambled to keep up with sudden changes in U.S. trade policy .N

** Tech-focussed Siteminder SDR.AX and IT major Megaport MP1.AX top gainers, adding 5% and 4.7% respectively

** Index heavyweight WiseTech Global WTC.AX up 3.3%

** AXIJ gains 4% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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