---
title: "Asia Weighed by Tech Weakness"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289317243.md"
description: "Asia-Pacific markets closed mostly lower on Wednesday, weighed down by a broad tech stock sell-off. Japan's Nikkei dropped 1.9%, while South Korea's Kospi tumbled 4.5%. Major tech firms saw significant declines: Softbank plunged 10% due to funding issues, SK Hynix fell over 8%, and Samsung Electronics dropped 7.45%. Other indices in Hong Kong, Shanghai, Taiwan, Singapore, Australia, and New Zealand also experienced mixed or negative performance."
datetime: "2026-06-10T11:15:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289317243.md)
  - [en](https://longbridge.com/en/news/289317243.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289317243.md)
---

# Asia Weighed by Tech Weakness

Asia-Pacific markets closed mostly lower Wednesday as tech stocks sold off.

In Japan, the Nikkei 225 dropped 1,237.36 points, or 1.9%, to close the mid-week session at 64,179.27.

Japan’s Softbank Group plunged 10% amid a broader decline in tech names and after efforts to secure at least $6 billion through a margin loan backed by its OpenAI stake hit a snag, according to Bloomberg News. The Japanese tech investment giant is exploring alternative funding options, though it may revisit the loan at a later date.

Japanese chip equipment makers Advantest and Renesas Electronics dropped 3.8% and 3.4%, respectively.

In Hong Kong, the Hang Seng retreated 157.94 points, or 0.6%, to 24,407.96.

In South Korea, memory chip major SK Hynix dropped over 8%, while Samsung Electronics fell 7.45%. Battery maker Samsung SDI declined more than 5%, while display panel producer LG Display slid nearly 9%.

Among Taiwanese stocks, Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, fell about 2%, while Apple supplier Hon Hai Precision Industry lost more than 4%.

In other markets;

In Shanghai, the CSI 300 index parted with 53.22 points, or 1.1%, to 4,748.59.

In Taiwan, the Taiex weakened 1,478.9 points, or 3.3%, to 43,225.54

In Korea, the Kospi index tumbled 366.11 points, or 4.5%, to 7,730.82.

In Singapore, the Straits Times 50 index handed back 64.4 points, or 1.3%, to 4,958.85.

In New Zealand, the NZX 50 gained 49.57 points, or 0.4%, to 13,253.65.

In Australia, the ASX advanced 49.12 points, or 0.6%, to 8,653.29.

### Related Stocks

- [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md)
- [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md)
- [9984.JP](https://longbridge.com/en/quote/9984.JP.md)
- [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md)
- [SFTBY.US](https://longbridge.com/en/quote/SFTBY.US.md)
- [07747.HK](https://longbridge.com/en/quote/07747.HK.md)
- [07347.HK](https://longbridge.com/en/quote/07347.HK.md)
- [09347.HK](https://longbridge.com/en/quote/09347.HK.md)
- [09747.HK](https://longbridge.com/en/quote/09747.HK.md)
- [02800.HK](https://longbridge.com/en/quote/02800.HK.md)
- [03115.HK](https://longbridge.com/en/quote/03115.HK.md)
- [07200.HK](https://longbridge.com/en/quote/07200.HK.md)
- [07300.HK](https://longbridge.com/en/quote/07300.HK.md)
- [07500.HK](https://longbridge.com/en/quote/07500.HK.md)
- [6857.JP](https://longbridge.com/en/quote/6857.JP.md)
- [6723.JP](https://longbridge.com/en/quote/6723.JP.md)
- [LPL.US](https://longbridge.com/en/quote/LPL.US.md)
- [TSM.US](https://longbridge.com/en/quote/TSM.US.md)
- [STI.SG](https://longbridge.com/en/quote/STI.SG.md)

## Related News & Research

- [Samsung Electronics (SMSN): New Buy Recommendation for This Technology Giant](https://longbridge.com/en/news/288814097.md)
- [South Korea's metal workers' union plans to strike on July 15](https://longbridge.com/en/news/289295284.md)
- [Samsung Elec invests $175 million to become top shareholder in US genetics firm](https://longbridge.com/en/news/289252261.md)
- [SoftBank's attempt to get $6 billion OpenAI margin loan stalls, Bloomberg News reports](https://longbridge.com/en/news/289258767.md)
- [SoftBank sinks 10% as Asia tech stocks tumble, tracking Wall Street losses](https://longbridge.com/en/news/289281658.md)