Here Are the Global IT and Data Stocks Swept Up in the AI Selloff -- WSJ

Dow Jones
Feb 04

By WSJ Staff

Australia: The S&P/ASX All Technology index fell more than 7%. Logistics software specialist Wisetech (AU:WTC) dropped nearly 11% and accounting-software provider Xero (AU:XRO) sank 16%.

China: Hong Kong-listed Kingdee International Software Group (HK:268) sank 13%.

India: The country's huge IT outsourcing industry came under pressure, sending the Nifty IT index down nearly 6%. Shares in Infosys and Tata Consultancy Services fell about 7%; HCL Technologies and Wipro dropped about 4%.

Japan: NEC and Fujitsu were among stocks that fell sharply.

The U.K.: Shares in London Stock Exchange owner LSEG (UK:LSEG) and RELX (UK:REL), the legal and academic publisher, came under pressure for a second day.

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(END) Dow Jones Newswires

February 04, 2026 05:18 ET (10:18 GMT)

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