Australian tech stocks soar after Trump pauses tariff rollout
ReutersApr 10, 2025 12:56 AM
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
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