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Australian tech stocks rise after overnight Nasdaq jump

By Reuters News03:00 (UTC), 20 October 2026 Updated

** Australian tech stocks .AXIJ rise as much as 2%, their highest level since October 13

** Benchmark ASX 200 .AXJO down 0.8%

** Tech stocks' gain follows US peer Nasdaq Composite's .IXIC rise overnight, as investors returned to the chip sector and other AI-related stocks

** Tech majors WiseTech Global WTC.AX and Xero XRO.AX rise above 1.5% each

** YTD, .AXIJ down nearly 23% vs 0.7% rise in .AXJO

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