Why did Kingdee International fall today?

The stock slid on heavy turnover as investors reacted to the Anthropic legal AI launch, which could shift enterprise spending toward in-house tools. That sparked a broader Hong Kong software selloff. Price dropped to about HK$11.06, down roughly 13% intraday, with volume more than five times the average, signaling de-risking by funds.

What is Anthropic legal AI and why does it matter?

It is an internal corporate legal AI tool that can automate tasks like document review and drafting. If firms adopt such tools widely, budgets for third-party workflow software may tighten. That risk hit Hong Kong SaaS names today. The concern is not just legal, but broader enterprise process automation.

Is Kingdee a buy after today’s drop?

It depends on risk tolerance. Valuation is still full on sales and book, and profitability is thin. Technically, shares trade below key averages, with volatility high. If you like the long-term franchise, consider staged entries and wait for clarity from the 23 March earnings on growth, pricing, and AI strategy.

What should investors watch before earnings?

Focus on customer churn, net retention, and any update on AI features that defend workflows against Anthropic legal AI. Also track margin trends, free cash flow, and management commentary on pricing. Signs of stable demand in core ERP and cloud modules would help rebuild confidence after the selloff.

Global Market Insights

0268.HK Stock Today: February 5 – Anthropic Legal AI Triggers Selloff

ByDanny Kontos February 5, 2026February 5, 2026

Anthropic legal AI dominated Hong Kong tech headlines today, and the ripple hit Kingdee International. 0268.HK dropped to HK$11.06, with losses around 13% on outsized turnover. The move fed a broader Hong Kong software selloff as traders priced in disruption to enterprise workflows. We break down what changed, how Kingdee’s fundamentals stack up, and what to watch into the March earnings date. For investors tracking SaaS stocks Hong Kong, today’s action offers fresh signals on risk, valuation, and positioning.