Australian tech stocks advance in tandem with Wall Street peers

By Reuters News

** Australian technology stocks .AXIJ rise as much as 1.4%, while the broader benchmark trades up 0.2%

** Sub-index logs largest intraday pct gain since August 28

** Tech-heavy Nasdaq Composite .IXIC closed higher on Friday after oil prices retreated; strong U.S. inflation data cemented Fed rate hike bets .N

** Sector leaders WiseTech Global WTC.AX and Xero XRO.AX rise as much as 2.3% and 4.7%, respectively

** YTD, AXIJ is down 23.2%, including the day's moves, lagging behind a 0.5% gain in the AXJO

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