BUZZ-Australian IT stocks track Wall Street rally, climb to three-week high

Reuters05-03

** Australia's information technology stocks rise as much as 1.2%, their highest level since April 9

** The sub-index tracks a rally in Wall Street, led by a surge in tech-heavy Nasdaq Composite , which advanced 1.5% with healthy boost from chip stocks

** ASX-listed shares of Block jump 8.8% after the Jack Dorsey-led firm lifted its full-year adjusted core earnings forecast

** Shares of software firms Wisetech Global and heavyweight Xero advance 1.4% and 1%, respectively

** The tech sub-index has risen 18.8% this year, as of last close

(Reporting by Poonam Behura in Bengaluru)

((Poonam.Behura@thomsonreuters.com;))

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