ASX Tech Stocks Are Under Pressure as Rates, War and AI Fears Collide

The latest washout in ASX tech stocks says less about one bad month and more about a market that is rewriting how it prices growth.

About $7 billion was wiped from the local technology sector in March, with the S&P/ASX 200 tech index down 12.6 per cent for the month. That followed the earlier “SaaSpocalypse” sell-off and came as higher rates, Middle East-driven energy shocks and fresh AI disruption fears all hit at once. When those pressures arrive together, expensive growth stocks tend to be the first casualties.

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