SYDNEY, Feb 9, 2026, 16:56 AEDT — Markets have shut.
Xero Limited (XRO.AX) ended Monday’s session 1.2% higher at A$82.74, with shares ranging from A$82.15 to A$84.19 during the day. The New Zealand cloud accounting firm remains roughly 12% lower since Jan. 30, despite the rebound. Over the last year, Xero has fluctuated between A$79.25 and A$196.52. 1
Australian stocks jumped, snapping back after last week’s volatility. The S&P/ASX 200 climbed roughly 1.9% late in the day, with traders picking up the global rebound in risk assets, according to ABC’s markets live blog. 2
Tech led the charge, with MarketIndex’s live blog showing the sector climbing 3.47% by mid-afternoon. The blog also pointed to lingering volatility following sharp swings in both commodities and growth names. 3
Investors worldwide found some relief as U.S. chip stocks bounced back late in the week, with hopes for a Federal Reserve rate cut by June gaining traction, according to Reuters. Over in Japan, Marc Jocum, senior investment strategist at Global X ETFs Australia, highlighted the potential for “decisive action” on stimulus, AI and semiconductors following the recent election outcome. Analysts at BofA, meanwhile, noted a shift underway—from “AI spenders to beneficiaries”—as the market gears up for key U.S. data on jobs, inflation, and spending. 4
Local tech stocks joined the rally. Wisetech Global picked up 3.51%, while NextDC, which runs data centres, climbed 5.35%, according to Stockhead. 5
Still, software’s outlook remains shaky after last week’s slide. The bounce hasn’t erased doubts swirling over AI’s impact on pricing and how loyal customers will stay. Investors are questioning if the old growth strategy still makes sense for the sector.
The focus for Tuesday: can momentum hold? Any slip in overseas cues or another turn in rate bets, and high-growth names risk snapping back.
Xero’s share price now moves with the broader market, at least until the company next updates investors. People watching the stock want to see calmer trading—less of the wild swings—as tech names worldwide recalibrate.
Xero, in a release to the ASX dated Feb. 3, flagged May 14 for its FY26 results announcement, where it also plans to share more on Melio, its payments unit, along with fresh details on U.S. performance. 6
