Global Markets: Software Stocks Slump on AI Fears While China’s Tech Sector Rallies

Key TakeawaysWall Street is aggressively selling off software stocks as investors fear that advanced AI tools, such as Anthropic’s Claude, will disrupt traditional SaaS business models and erode profit margins.China’s ChiNext Index surged 2%, leading a broader rally in Chinese growth stocks as domestic sentiment improves despite volatility in neighboring Hong Kong markets.The New Zealand Dollar (NZD) climbed above 0.5950, capitalising on a weakening US Dollar driven by renewed uncertainty over President Tru ...