Asian equities diverge as oil rallies and Japan swings to trade deficit

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Summary · why it matters

Asian stock markets traded mixed on Wednesday, with Japan's Nikkei falling 0.37% to 67,000 while the broader Topix Index gained 1% to 4,055. Japan's trade balance swung to a deficit of JPY 406.9 billion in June 2026, driven by a sharp surge in imports, and the yen weakened beyond 163 per dollar to its lowest since October 1986. The KOSPI rose 0.74% to 6,798 on semiconductor strength, while China's Shanghai Composite edged up 0.07% to 3,867 and the Shenzhen Component fell 1.42% to 14,061.4. Hong Kong's Hang Seng Index fell 1.05% to 25,029, India's Sensex dropped 0.96% to 76,876, and Australia's ASX 200 rose 0.34% to 8,815. U.S. futures dipped ahead of earnings from Alphabet, Tesla, and others, with Nasdaq 100 futures down 0.77%, while crude oil advanced with WTI topping $86 per barrel and Brent above $93.

Impact on stocks 3

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