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Australian tech stocks shed $7 billion as Iran war deepens market rout
Technology

Australian tech stocks shed $7 billion as Iran war deepens market rout

Australian technology stocks lost $7 billion in March as the Iran war drove oil prices up 55% and forced the Reserve Bank to raise interest rates for the second consecutive month. WiseTech Global has fallen 59% over six months, while NextDC dropped 34%.
7 min read 4 months ago