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ASX:AX1 18 January 2026

Hunting passive income? These ASX dividend stocks just got fresh buy calls — and a warning about traps

Hunting passive income? These ASX dividend stocks just got fresh buy calls — and a warning about traps

On Jan. 18, Motley Fool Australia contributor Tristan Harrison recommended income investors consider L1 Long Short Fund and Washington H. Soul Pattinson as solid picks for dividend-paying stocks to generate “passive income.” The chatter around ASX dividend stocks has picked up again as the local market climbs, with the S&P/ASX 200 closing Friday at its highest since October 2025, according to News Corp’s news.com.au.

Stock Market Today

  • Nifty IT Sinks Nearly 2% as Rate Worries Hit Infosys, TCS, Wipro, HCLTech
    June 30, 2026, 4:36 AM EDT. The Nifty IT index lost 1.95% on Tuesday, falling for the third session in a row as Infosys, TCS, Wipro and HCLTech dropped. Pressure came from worries that high US interest rates will keep a lid on corporate tech spending in North America - still the biggest market for India's IT firms. The IT gauge lagged the Nifty 50, which slipped 0.27%. Fresh revenue warnings from Accenture last week have stoked more nerves about weak global tech budgets and the quick shift to AI in outsourcing. Investors are taking positions in chip and data centre names linked to AI growth, but staying cautious on the bigger Indian IT names.
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