Morningstar says Aussie tech stocks 'relative safe-havens'; sub-index rises

ReutersApr 14, 2025 5:30 AM

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Technology stocks .AXIJ rise 2.6% to 2,296.7 points

Morningstar says Aussie software firms, largely sheltered from impact of U.S. tariffs, relative safe-havens for investors

Says long-term value of communications cos like Megaport MP1.AX and Audinate AD8.AX, though exposed to tariffs, should be relatively unaffected

Adds Xero XRO.AX and Seek SEK.AX may see indirect impact if tariffs slows growth in Australia

Donald Trump said on Sunday he would announce tariffs on semiconductor imports over the next week, signaling that exclusion of smartphones and computers from tariffs on China will be short-lived

XRO gains 2%, SEK adds 1%, MP1 up 0.5%, AD8 rises 2.7%

However, AXIJ down 16.3% YTD

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