Wall Street Pressure Sends Asian Software Stocks Down

Asian technology stocks fell Wednesday as investors reacted to Wall Street declines driven by AI disruption fears, with Japanese software firms leading losses — TIS down over 15%, Trend Micro about 8%, NS Solutions nearly 7%. Indian and Chinese IT names also slid (Nifty IT nearly 6%, TCS -5.8%, Infosys -6.2%, Tencent -3.3%), as analysts cited Anthropic's new Cowork tools and valuation multiple cuts.