The IT services sector declined, with Accenture plunging over 17%, Wipro and Cognizant dropping nearly 8%, IBM falling 6.6%, Infosys down 5.7%, and GDS Holdings slumping over 3%.

On the news front, Accenture announced that its third-quarter order amount unexpectedly dropped by 2%, indicating that the industry continues to face fundamental uncertainties under the “AI disrupts everything” superstorm led by AI application leader Anthropic. The company expects fourth-quarter revenue to range between $17.75 billion and $18.4 billion, below analysts’ general expectation of about $18.47 billion. (Gelonghui)