Jun 23, 2026 – 8.00pmThe technology sector has become the dunce of the Australian sharemarket, having slumped 40 per cent over the past 12 months.An aggressive series of interest rate rises from the Reserve Bank of Australia, combined with the so-called “SaaSpocalypse” earlier this year when investors dumped software stocks around the world, has left technology as the worst-performing industry of the S&P/ASX 200 Index.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Tech the worst performer on the ASX, but brokers are buying back in
Evans & Partners bought $10 million worth of shares in Xero this month as one fund manager declared the heavily sold-down sector had “become interesting again”.
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