Australian tech stocks hit 2.5-month high after Wall Street rebound

boursorama.com (French) —

Australian technology stocks rose up to 3.5%, reaching their highest level since August 31, following a rebound on Wall Street overnight. The tech-heavy Nasdaq gained 1.6% after CoreWeave's results eased concerns about the sustainability of the AI-driven rally. Xero shares jumped up to 12%, hitting their highest level since September 4, driven by higher first-half revenue. NextDC and Life360 shares also advanced, gaining 1.9% and 2.4% respectively. The AXIJ index remains down 14.3% for the year to date.


With a significance score of 1.3, this news ranks in the top 44% of today's 32173 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: