BUZZ-Australian tech stocks soar after Trump pauses tariff rollout

Reuters

Apr 10, 2025

** Tech stocks .AXIJ soar more than 11% to 2,339.10 points; mark biggest pct gain since early November, 2011

** Sub-index hits the highest since March 28

** Global market sentiment improves after Donald Trump's 90-day pause on tariffs on some nations, while saying he would temporarily duties on certain others

** Wall Street saw a sharp rebound after the announcement, with the S&P 500 .SPX jumping 9.5% in its biggest daily pct gain since 2008, Nasdaq .IXIC rose 12.2%, Dow .DJI closed 7.9% higher .N

** WiseTech Global WTC.AX climbed 9.8%

** Xero XRO.AX gained as much as 11.3% in its biggest intraday pct jump since November 11, 2020

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))

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mark biggest pct gain since early November, 2011** Sub-index hits the highest since March 28** Global market sentiment improves after Donald Trump's 90-day pause on tariffs on some nations, while saying he would temporarily duties on certain others** Wall Street saw a sharp rebound after the announcement, with the S&P 500 .SPX jumping 9.5% in its biggest daily pct gain since 2008, Nasdaq .IXIC rose 12.2%, Dow .DJI closed 7.9% higher .N** WiseTech Global WTC.AX climbed 9.8%** Xero XRO.AX gained as much as 11.3% in its biggest intraday pct jump since November 11, 2020 (Reporting by Sneha Kumar in Bengaluru) ((Sneha.kumar@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}