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BUZZ-Australian technology stocks fall after Wall Street retreats on Trump's tariffs

ReutersMar 3, 2025 11:44 PM

Australian technology stocks .AXIJ fall as much as 2% to 2497.3, losing most since February-end

Sub-index's losses in tandem with overnight Wall Street fall after U.S. President Donald Trump announced the start of 25% tariffs on Canada and Mexico .N

Australia-traded shares of technology major Block Inc XYZ.AX XYZ.N slide 5.2%, dropping most since February 24, while software firm Megaport's MP1.AX shares ease 3.3%

US S&P 500 .SPX posts its biggest daily percentage decline since December 18

Sub-index down 8.8% this year

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