Asian equity markets traded mixed on Wednesday following overnight losses on Wall Street amid a selloff in chipmakers, while Hong Kong technology stocks rallied and crude oil surged more than 5% this week. Japan's Nikkei fell 0.87% to below 68,100 and the broader Topix Index declined 0.8% to 4,030, though data showed Japan’s current account surplus increased to 3,968.3 billion yen in May 2026 from 3,320.5 billion yen a year earlier. China's Shanghai Composite rose 0.52% to around 3,984 while the Shenzhen Component dropped 1.6% to 14,988, both extending losses for a third consecutive session. Hong Kong's Hang Seng Index rose 1.98% to 23,963, advancing as technology stocks led broad-based gains. South Korea's KOSPI fell nearly 1% to around 7,590, hitting its lowest level in a month, and India's Sensex fell 0.62% to 77,609. Australia's ASX 200 fell 0.54% to 8,688 in morning trade, extending losses for a third consecutive session, while Reserve Bank of Australia Assistant Governor Sarah Hunter noted that local consumer and business confidence has weakened following the recent oil price shock.