** 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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.