Asian software stocks follow US software stocks to plunge, AI disruptive impact raises concerns

2026-02-04 00:45:51

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In the Australian stock market, Xero’s stock price once dropped by 15%, the largest decline since May 2021; Technology One fell 8.7%, Wisetech declined 7.4%. In the Japanese stock market, Nomura Securities dropped 7.4%, Obic fell 6.7%, Oracle Corp. Japan declined 5.3%, NEC decreased 3.8%, and Trend Micro fell 3.3%. On Tuesday, U.S. legal software and publishing companies’ stocks plummeted after artificial intelligence company Anthropic launched a tool for internal legal teams.

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