Tech Hesitation, Geopolitics Blunt Asian Stock Markets

06:46 AM EDT, 06/10/2026 (MT Newswires) -- Asian stock markets lost ground on Wednesday as tech shares wavered again, and as traders weighed fresh hostilities in the Persian Gulf.

The pending release of the US consumer price index (CPI), slated for Wednesday morning in Washington, and which might influence Federal Reserve policy, also cautioned investors.

Hong Kong, Shanghai, and Tokyo finished in the red, as did most other regional exchanges.

In Japan, the Nikkei 225 opened lower and could not recover, finishing off 0.7%.

The benchmark Nikkei 225 fell 1,237.36 to 64,179.27, as losing issues outnumbered gainers 125 to 99.

Leading the upside was property company Mitsubishi Estates, up 5.2%, while semiconductor components maker Taiyo Yuden declined 12.9%.

In economic news, Japan's producer price index (PPI) in May rose 0.9% from April and 6.3% on the year, pushed by energy and IT hardware costs, reported the Bank of Japan.

In Hong Kong, the Hang Seng Index fell on new US trade sanctions and geopolitical concerns, closing down 0.6%.

Market sentiment was bruised after the US Department of Defense on Tuesday expanded its blacklist of Chinese companies, including names such as e-commerce colossus Alibaba, automaker BYD, and search-engine giant Baidu, due to alleged military links.

The broad gauge Hang Seng fell 157.94 to 24,407.96, although gaining issues outnumbered losers 53 to 29. The Hang Seng TECH Index lost 0.9% on the day, while the Mainland Properties Index rose 0.7%.

Leading the upside was Geely Automobile, gaining 4%, while computer maker Lenovo declined 9.4%.

On the mainland, the Shanghai Composite fell 0.4% to 3,993.23.

In economic news, China's consumer price index rose 1.2% on the year in May, reported the National Bureau of Statistics (NBS).

The nation's producer price index gained 3.9% on the year in May, boosted by energy bills, according to the NBS.

On the other regional exchanges, the tech-heavy South Korean KOSPI fell 4.5% while the Taiwan TWSE declined 3.3%.

The Australian ASX 200 inclined 0.6%; the Singapore Straits Times Index fell 1.3%, and the Thai Set declined 1.3%. In late trading in Mumbai, the Sensex was up 0.1%.

The MSCI All Country Asia Pacific Index fell 2.1% on the day.

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