Trends-AU

Australian tech stocks eye worst day in 6 months on Wall Street slump

** Australian technology stocks XXIJ track overnight slide in U.S.-listed peers to fall as much as 4.42% to 2,329.8 points, their lowest level since April 28

** Wall Street ended sharply lower on Thursday, with steep losses in Nvidia NVDA and other AI heavyweights, as investors scaled back expectations of interest rate cuts due to inflation worries

** IT services provider Data#3 DTL and fintech software firm Iress IRE lead losses, giving up over 1% and 2%, respectively

** AXIJ on track to mark four straight sessions of losses

** Sub-index loses 9.5% so far in its third consecutive week of losses

** Sub-index down 15.1% YTD, including the day’s move

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