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Australia's tech stocks rise, tracking Wall Street's run

ReutersJan 23, 2026 12:11 AM

Shares of Australian tech stocks .AXIJ rise as much as 2.8%, logging their biggest intraday pct gain since Nov. 27

Sub-index tracks its peers on Wall Street, where tech-heavy Nasdaq closed 0.9% up

Wall Street's main indexes finished higher on Thursday, as investors bought shares after U.S. President Donald Trump rescinded tariff threats on European allies .N

Data centre operator NEXTDC NXT.AX rises 2% while New Zealand-based Xero XRO.AX gains 1.1%

AXIJ down 4% YTD, sheds 1.6% so far this week

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