BUZZ-Australian tech stocks track Wall Street losses to hit more than 2-week low

NASDAQ

NASDAQ

IXIC

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** Australian technology stocks .AXIJ fall as much as 1.3%, while the broader benchmark .AXJO trades down 0.5%

** Sub-index hits lowest level since June 26

** Tech-heavy Nasdaq Composite .IXIC ended lower overnight after U.S. President Donald Trump announced that he would reinstate a blockade on Iranian ports, dampening risk appetite .N

** Index constituents Xero XRO.AX and TechnologyOne TNE.AX fall as much as 2.5% and 1%, respectively

** YTD, AXIJ down 18.7% including the day's moves, underperforming AXJO's 0.7% rise


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