Asian Software Stocks Decline Following AI Releases from Anthropic and Meta

Deep News04-09

Asian software stocks declined in tandem with their U.S. counterparts after Meta introduced a new artificial intelligence model and Anthropic launched its Claude tool for building intelligent agents. Concurrently, prominent investor Michael Burry posted on X that "Anthropic is eating Palantir's lunch."

In the Australian market, Wisetech shares fell as much as 7.6%, Xero dropped 7.3%, and Technology One declined 5.3%. In Japan, Money Forward decreased 4.6%, Obic Business Consultants fell 3.2%, NEC dropped 3.3%, Rakus declined 2.6%, Trend Micro slid 3%, and Nomura Research fell 1.9%. In South Korea, Shinsegae Information Group dropped 2.2%, Samsung SDS decreased 1.7%, and LG CNS fell 1.6%.

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