On September 1, KINGDEE INT'L rose 5.25% in regular trading, trading at HK$9.14/share, with turnover of HK$420 million.

On the news front, the MSCI China Index quarterly rebalancing took effect after the close on August 31, officially removing KINGDEE INT'L from the index. On that day, massive passive index fund selling concentrated at the close drove turnover to approximately HK$3 billion, with the stock falling 3.24%. As the one-off passive selling pressure was fully absorbed on the effective date, the short-term overhang has been cleared, triggering a technical rebound today.

Additionally, Salesforce's better-than-expected earnings last week effectively countered the prevailing narrative that AI would displace traditional software, significantly restoring sentiment across the Hong Kong SaaS sector. KINGDEE INT'L had already surged over 11% last Thursday on the back of that catalyst. The company's AI-native product revenue reached RMB 296 million in the first half, up 189% year-over-year, with multiple major investment banks maintaining Buy ratings despite recent target price adjustments.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)