Asian software stocks decline following the release of Anthropico and Meta AI

Glonghui April 9｜Meta released a new artificial intelligence model, and Anthropic launched the Claude tool for building agents. As a result, Asian software stocks followed their U.S. peers in declining. Meanwhile, well-known investor Michael Burry posted on X saying, "Anthropic is eating into Palantir's market share." In the Australian market, Wisetech shares fell as much as 7.6%, Xero dropped 7.3%, and Technology One lost 5.3%. In the Japanese market, Money Forward fell 4.6%, Obic Business Consultants dropped 3.2%, NEC declined 3.3%, Rakus lost 2.6%, Trend Micro decreased 3%, and Nomura Research fell 1.9%. In South Korea: Shinsegae Information Group fell 2.2%, Samsung SDS dropped 1.7%, and LG CNS slid 1.6%.