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Australian tech stocks rise as Wall Street rallies on easing trade war

ReutersMay 13, 2025 1:37 AM

Australian technology stocks .AXIJ rise as much as 4.5% to 2698 points, highest since February 24

Sub-index set for biggest intraday pct gain since April 10

AXIJ tracks Wall Street's overnight rally after the U.S. and China signed deal to temporarily lower tariffs, boosting market sentiment .N

ASX-listed shares of California-based Life360 360.AX LIF.O biggest pct gainer on local benchmark .AXJO on strong Q1 earnings

Megaport MP1.AX, Siteminder SDR.AX and WiseTech WTC.AX gains 6%, 5.1% and 7%, respectively

YTD, sub-index down 1.9%

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