Australian tech shares eye best day in 7 weeks on Wall Street boost
Australian technology shares rose 3.8% on Tuesday, on track to gain their most since August 4, tracking Wall Street's Nasdaq which notched a record high on rekindling of AI optimism. Megaport was up 3.5%, WiseTech Global added 2.2% and Xero rose 1.9%.
8%, putting the sub-index on track for its biggest gain since August 4 if those gains are maintained. The sub-index reached its highest level since September 14, tracking Wall Street peer Nasdaq after it hit a record high on renewed AI optimism. 9%. 4% gain.