Global Stock News

Xero share price drops 4.6% as ASX tech sell-off drags on — what to watch next

Xero share price drops 4.6% as ASX tech sell-off drags on — what to watch next

SYDNEY, Feb 24, 2026, 18:31 AEDT — After-hours

  • Xero (ASX: XRO) dropped 4.6% on Tuesday, lagging behind as the broader market barely moved.
  • Australian tech stocks remained under pressure this day, and software names took some of the heaviest hits.
  • Wednesday brings fresh inflation numbers, with traders also tracking upcoming earnings updates this reporting season.

Xero Ltd (ASX: XRO) finished Tuesday down 4.6% at A$71.84, slipping to A$71.45 during the session. The Wellington-headquartered accounting software company’s market cap stands around A$12.2 billion. (Intelligent Investor)

The S&P/ASX 200 barely budged, closing at 9,022—a dip of just 0.04%—after briefly dipping under the 9,000 mark earlier in…

Source link

Share this article

Scroll to Top