Anthropic launches internal legal AI tools; SaaS and software stocks collectively decline, KINGDEE INT'L drops 14%

AI startup Anthropic has launched a new tool for in-house corporate lawyers that automates legal tasks such as contract review, classification of non-disclosure agreements (NDAs), and drafting briefs. This news has dragged down the SaaS and software sectors collectively this morning (4th), with KINGDEE INT'L (00268.HK) opening down 1.66% today (4th), hitting a low of HKD 10.74. It is currently reported at HKD 10.9, down 13.9%, with a trading volume of 52.4722 million shares, involving HKD 585 million.

MEITU (01357.HK) is currently reported at HKD 6.4, down 10.99%. Chinasoft International (00354.HK) is down 5.1%, reported at HKD 4.66. MOBVISTA (01860.HK) is currently reported at HKD 13.2, down 8.65%. Kingsoft Cloud (03896.HK) is currently reported at HKD 6.69, down 4.43%. Mingyuan Cloud (00909.HK) is currently reported at HKD 2.9, down 3.33%. Weimob (02013.HK) is currently reported at HKD 2.07, down 5.05%.

SenseTime-W (00020.HK) is currently reported at HKD 2.36, down 2.07%, with a trading volume of HKD 279 million. Paradigm Intelligence (06682.HK) is currently reported at HKD 44.86, down 4.55%, with a trading volume of HKD 135 million. Additionally, Cloudwalk Technology (09678.HK), which recently announced a share placement, is currently reported at HKD 332.4, continuing to drop 5.62%, with a trading volume of HKD 67.9617 million.

Recently strong AI large model semi-new stock MINIMAX-WP (Xiyu Technology) (00100.HK) is currently reported at HKD 540, retracting 7.06%, with a trading volume of 457,900 shares, involving HKD 250 million. Another AI large model semi-new stock Zhipu (02513.HK) is currently reported at HKD 228.2, down 6.17%, with a trading volume of HKD 82.7606 million