Australian technology stocks are witnessing rising trends as they’ve experienced an increase of as much as 1.3%, resulting in their highest performance since September 18.

This sub-index is mirroring gains on Wall Street following the release of minutes from the latest U.S.

Federal Reserve’s meeting.

The minutes reveal a sense of caution among policy makers, which has resulted in investor optimism for steady rates.

ASX-listed shares of Block (ASX:SQ2) climbed nearly 2% to record the highest since September 21.

Additionally, Xero (ASX:XRO) marked a 1.8% rise in its third consecutive session of gains, while WiseTech Global’s (ASX:WTC) shares ascended 0.9% to record the highest since September 29.

The sub-index has witnessed a healthy rise this year, showing an increase 25.9% as of the last close.

Block (ASX:SQ2) is an Australian company listed on the ASX that specializes in technology advancements.