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Stock impact report

AI Fears Drag Asia Software Stocks Lower After US Tech Rout [Yahoo! Finance]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research Source: Yahoo! Finance
Shares of Indian information technology companies were the latest to buckle. Bellwether Tata Consultancy Services Ltd. sank as much as 6% at the open, while Infosys Ltd. dropped 6.2%, tracking a slump in its US-listed shares overnight. Most Read from Bloomberg Chicago Office Tower Sells at an 87% Discount to Pre-Covid Price Congestion Pricing's Unexpected Winners: Suburban Drivers Forget Free NYC Buses: Just Build 41 Miles of New Subways The Oklahoma Architect Who Turned Kitsch Into Art In Praise of Urban Disorder Elsewhere in the region, losses were concentrated in software as Asia's broader tech sector remains dominated by hardware makers — particularly chipmakers — that have been key beneficiaries of the AI investment boom. That contrast has helped cushion regional benchmarks, with demand for semiconductors and related equipment offsetting pressure on software firms more exposed to automation risks. Cloud-based accounting software maker Xero Ltd. slid as much as 15 Show less Read more
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