HK Stock Market Move | AI new technology impacts SaaS software stocks, JST GROUP (06687) falls nearly 13% to hit a new low on the market.

AI new technology impact software stocks, JST GROUP (06687) fell nearly 13% this morning, hitting a new low since its listing at 21.6 Hong Kong dollars. As of the time of writing, it has fallen 12.81% to 21.64 Hong Kong dollars, with a turnover of 7.6417 million Hong Kong dollars. On the news side, on Tuesday, a new automation tool launched by AI startup giant Anthropic triggered panic selling of software stocks, marking the biggest drop since April last year. Analysts pointed out that the expectations of AI progress have undergone a qualitative change: from initially believing that AI could "boost growth" to questioning whether AI will "completely replace" traditional subscription models. Jeffrey Favuzza of Jefferies' stock trading department described the current situation as a "SaaS doomsday," pointing out that the current trading style is entirely based on panic selling in the manner of "get me out" and no signs of any bottoming out. Public information shows that JST GROUP is a leading enterprise in the global ecommerce SaaS market. The company mainly targets merchants who set up stores on various ecommerce platforms, with products focusing on ecommerce SaaS ERP as the core, building a one-stop ecommerce SaaS solution covering various aspects of ecommerce operations. As of June 30, 2025, JST GROUP serves 93,000 SaaS customers.