Australian Tech Stocks Rebound After Two Days of Losses Amid Wall Street Optimism

Thu 13 Mar 25, 03:10 AM | Team Kalkine

Highlights

Australian technology stocks made a comeback, with the sector’s sub-index (XIJ) climbing as much as 1.5% to reach 2366.3 points on Thursday. This marks the index’s most significant single-day gain since 3 March, breaking a two-day losing streak.

The tech surge followed overnight gains on Wall Street, where positive sentiment around U.S. inflation data helped ease investor concerns about a potential recession. The improved outlook in global markets provided a lift to Australian tech shares, which had been under pressure in recent weeks.

Top Movers: Megaport and Wisetech

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