Australian Tech Stocks Slide to Seven-Month Low Amid Wall Street Selloff

March 11, 2025 12:17 PM AEDT | By Team Kalkine Media

Australian Tech Stocks Slide to Seven-Month Low Amid Wall Street Selloff — Image source: shutterstock

Individual Stocks Suffer Steep Losses

Several major Australian tech players felt the heat:

Block (ASX:XYZ): Plummeted 7.5%, marking one of the biggest single-day losses in the sector.
Wisetech Global (ASX:WTC): Dropped 5.1%, reflecting broader concerns about global supply chain disruptions.
Megaport (ASX:MP1): Fell 3%, as cautious investors backed away from growth-focused tech stocks.

A Tough Year for Australian Tech

The Australian tech sub-index is now down 10.4% year-to-date, as ongoing macroeconomic uncertainty, interest rate pressures, and global instability weigh heavily on investor sentiment.

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