- Akira Ito
- 11 Jun, 2026
- Tokyo
Japan's indexes faced renewed downward pressure in early trading but managed to recover the day's losses near the close.
The Nikkei 225 Stock Average and the TOPIX dropped as much as 1.4% before rebounding above the flatline amid renewed violence in the Middle East.
Iran and the U.S. halted their latest wave of airstrikes, stoking fears of prolonged energy shipment disruptions in the Middle East.
About 1,800 oil tankers are blocked in the Strait of Hormuz, preventing about 10 million barrels of crude oil from reaching the global markets.
Technology stocks also remained under pressure amid lingering worries that a global rally in semiconductor and AI-related stocks may be nearing its end.
Japan's semiconductor equipment makers are seen as key players in the global push to adopt artificial intelligence-based applications, and the receding optimism in the sector weighed heavily.
The Bank of Japan is widely expected to lift interest rates higher after a policy meeting next week, as policymakers tackle soaring energy costs linked to the Middle East conflict.
Japan Indexes and Stocks
The Nikkei 225 Stock Average inched higher 0.1% to 64,245.57, and the broader TOPIX fell 0.5% to 3,829.11.
Semiconductor and AI-related stocks led decliners in Tokyo's trading on Thursday.
SoftBank Group, Kioxia Holdings, Tokyo Electron, and Advantest Corp. dropped between 3% and 6%.
Financial stocks also faced selling pressure ahead of the Bank of Japan's rate actions next week.
Sumitomo Mitsui Financial, Mitsubishi UFJ Financial, and Mizuho Financial decreased between 1% and 3%.
- Li Chen
- 11 Jun, 2026
- Hong Kong
China's indexes turned lower as investors remained cautious amid renewed hostilities in the Middle East.
The Hang Seng Index decreased 1.1%, and the mainland-focused CSI 300 fell 1%.
Chinese stocks remained under pressure after the U.S. and Iran exchanged aerial attacks, and investors feared that the prolonged closure of the Strait of Hormuz was likely to keep energy supply tight.
Benchmark indexes struggled to advance after investors digested inflation reports released on Wednesday. The ongoing supply disruptions in the Middle East and elevated energy prices are contributing to domestic inflation.
Moreover, investors are worried that the ten-week-long rally in artificial intelligence stocks may have stretched valuation too far and are uncertain about the sustainability of the elevated level of investment in artificial infrastructure.
China Indexes and Stocks
The Hang Seng Index decreased 1.1% to 24,136.17, and the mainland-focused CSI 300 Index fell 1% to 4,697.77.
Eoptolink tumbled 30% to ¥538.43 after the optical components maker announced its plans to list its shares on the Hong Kong Stock Exchange.
Metal mining companies turned lower after copper, gold, silver, and platinum prices eased for the second consecutive week.
Zijin Mining Group decreased 2.8%, Zijin Gold International dropped 3%, and Aluminum Corporation of China edged up 1.4%.
- Li Chen
- 11 Jun, 2026
- Hong Kong
China's indexes turned lower as investors remained cautious amid renewed hostilities in the Middle East.
The Hang Seng Index decreased 1.1%, and the mainland-focused CSI 300 fell 1%.
Chinese stocks remained under pressure after the U.S. and Iran exchanged aerial attacks, and investors feared that the prolonged closure of the Strait of Hormuz was likely to keep energy supply tight.
Benchmark indexes struggled to advance after investors digested inflation reports released on Wednesday. The ongoing supply disruptions in the Middle East and elevated energy prices are contributing to domestic inflation.
Moreover, investors are worried that the ten-week-long rally in artificial intelligence stocks may have stretched valuation too far and are uncertain about the sustainability of the elevated level of investment in artificial infrastructure.
China Indexes and Stocks
The Hang Seng Index decreased 1.1% to 24,136.17, and the mainland-focused CSI 300 Index fell 1% to 4,697.77.
Eoptolink tumbled 30% to ¥538.43 after the optical components maker announced its plans to list its shares on the Hong Kong Stock Exchange.
Metal mining companies turned lower after copper, gold, silver, and platinum prices eased for the second consecutive week.
Zijin Mining Group decreased 2.8%, Zijin Gold International dropped 3%, and Aluminum Corporation of China edged up 1.4%.
- Scott Peters
- 10 Jun, 2026
- New York City
Vail Resorts decreased 3.4% to $131.99 after the luxury ski resort operator lowered its annual adjusted operating earnings outlook.
Vail Resorts lowered its annual estimate to between $739 million and $761 million compared to the previous estimate between $745 million and $775 million.
The company blamed challenging weather conditions for the reduced demand at its resorts in the western U.S. that persisted in the third quarter.
Revenue in the fiscal third quarter ending in April decreased to $1.20 billion from $1.3 billion, net income dropped to $340 million from $411.3 million, and diluted earnings per share fell to $8.81 from $10.46 a year ago.
Designer Brands decreased 1.1% to $8.81 after the shoe retailer reported its financial results for the fiscal first quarter ending on May 2.
Consolidated net sales increased 1.4% to $696.4 million from $686.9 million, net income attributable to shareholders swung to a profit of $1.2 million from a loss of $17.8 million, and diluted earnings per share were 2 cents compared to a loss of 37 cents a year ago.
Total comparable sales decreased 1.1%, better than a 7.8% decrease in the period a year ago, as the retail store network continued to struggle in attracting customers.
The retailer estimated full-year fiscal 2026 revenue to increase by plus or minus 1% and diluted earnings per share to range between 28 cents and 38 cents.
Cracker Barrel jumped 9% to $39.49 after the Southern country-style restaurant chain operator reported financial results for its fiscal third quarter ending on May 1 and lifted its full-year outlook.
Total revenue decreased 2.9% to $797.4 million from $821.2 million, net income in the quarter rose to $42.8 million from $12.6 million, and diluted earnings per share advanced to $1.90 from 56 cents a year ago.
The latest quarter's net income includes a $47.4 million benefit related to a settlement agreement regarding interchange fee litigation.
Comparable store restaurant sales decreased 2.6%, and comparable store retail sales declined 1.8% from a year ago, respectively.
The company's Board of Directors declared a quarterly cash dividend of 25 cents payable on August 12 to shareholders on record on July 17.
The company revised its fiscal 2026 total revenue estimate to a new range between $3.27 billion and $3.30 billion, up from the previous estimated range of $3.24 billion to $3.27 billion.
The restaurant chain operator also revised higher its adjusted operating income range to between $120 million and $125 million from the previous guidance of between $85 million and $100 million.
However, the company retained its full-year capital expenditure estimate between $105 million and $115 million.
- Scott Peters
- 10 Jun, 2026
- New York City
Vail Resorts decreased 3.4% to $131.99 after the luxury ski resort operator lowered its annual adjusted operating earnings outlook.
Vail Resorts lowered its annual estimate to between $739 million and $761 million compared to the previous estimate between $745 million and $775 million.
The company blamed challenging weather conditions for the reduced demand at its resorts in the western U.S. that persisted in the third quarter.
Revenue in the fiscal third quarter ending in April decreased to $1.20 billion from $1.3 billion, net income dropped to $340 million from $411.3 million, and diluted earnings per share fell to $8.81 from $10.46 a year ago.
Designer Brands decreased 1.1% to $8.81 after the shoe retailer reported its financial results for the fiscal first quarter ending on May 2.
Consolidated net sales increased 1.4% to $696.4 million from $686.9 million, net income attributable to shareholders swung to a profit of $1.2 million from a loss of $17.8 million, and diluted earnings per share were 2 cents compared to a loss of 37 cents a year ago.
Total comparable sales decreased 1.1%, better than a 7.8% decrease in the period a year ago, as the retail store network continued to struggle in attracting customers.
The retailer estimated full-year fiscal 2026 revenue to increase by plus or minus 1% and diluted earnings per share to range between 28 cents and 38 cents.
Cracker Barrel jumped 9% to $39.49 after the Southern country-style restaurant chain operator reported financial results for its fiscal third quarter ending on May 1 and lifted its full-year outlook.
Total revenue decreased 2.9% to $797.4 million from $821.2 million, net income in the quarter rose to $42.8 million from $12.6 million, and diluted earnings per share advanced to $1.90 from 56 cents a year ago.
The latest quarter's net income includes a $47.4 million benefit related to a settlement agreement regarding interchange fee litigation.
Comparable store restaurant sales decreased 2.6%, and comparable store retail sales declined 1.8% from a year ago, respectively.
The company's Board of Directors declared a quarterly cash dividend of 25 cents payable on August 12 to shareholders on record on July 17.
The company revised its fiscal 2026 total revenue estimate to a new range between $3.27 billion and $3.30 billion, up from the previous estimated range of $3.24 billion to $3.27 billion.
The restaurant chain operator also revised higher its adjusted operating income range to between $120 million and $125 million from the previous guidance of between $85 million and $100 million.
However, the company retained its full-year capital expenditure estimate between $105 million and $115 million.
- Barry Adams
- 10 Jun, 2026
- New York City
Wall Street indexes turned lower for the second session in a row on Wednesday amid escalating tensions in the Middle East.
The S&P 500 index decreased 0.7%, and the tech-dominated Nasdaq Composite fell 1.2% amid worries that energy prices are likely to remain elevated because of the prolonged shutdown in the Strait of Hormuz.
The price of a barrel of West Texas Intermediate crude oil turned volatile and jumped as high as 1% before settling down 0.08% to $88.12.
The U.S. launched air strikes in Iran following the "yesterday's downing of a U.S. Army Apache helicopter by Iranian forces," said the U.S. Central Command.
So far, Iran has directly not claimed responsibility for shooting down the U.S. helicopter, but the escalating tensions in the Middle East have stoked fears that Iran could ramp up its attacks on the U.S. military bases in Kuwait, Jordan, the UAE, and Bahrain.
Semiconductor and memory stocks led decliners following Tuesday's market rout as investors question rapid price increases over the last ten weeks in artificial intelligence stocks.
Nvidia, Intel, AMD, Marvell Technology, Broadcom, SanDisk, Micron Technology, and Wolfspeed dropped between 2% and 6%.
Consumer Inflation Stayed Above Fed's Target Rate for Fifth Consecutive Year
The annual rate of consumer price inflation accelerated in May amid a persistent rise in energy prices.
CPI accelerated to 4.2% in May from 3.8% in April, representing the third monthly acceleration in overall inflation, according to the U.S. Bureau of Labor Statistics.
The energy costs jumped to 23.5% in May from 17.9%, and gasoline costs soared 41% from the 28.4% rise in the previous month, respectively.
In addition, shelter inflation accelerated to 3.4% from 3.3%, and food prices advanced to 3.1% from 2.3% in the previous month, respectively.
The core rate of inflation, which excludes volatile food and energy prices, accelerated to 2.9% in May from 2.8% in April and stayed above the Federal Reserve's target rate of 2% for the fifth year in a row.
The core rate of inflation was below the Fed's target rate last time in February 2021 and surged as high as 9.1% in June 2022.
U.S. Movers
Cracker Barrel jumped 9% to $39.49 after the Southern country-style restaurant chain operator reported financial results for its fiscal third quarter ending on May 1 and lifted its full-year outlook.
Total revenue decreased 2.9% to $797.4 million from $821.2 million, net income in the quarter rose to $42.8 million from $12.6 million, and diluted earnings per share advanced to $1.90 from 56 cents a year ago.
The latest quarter's net income includes a $47.4 million benefit related to a settlement agreement regarding interchange fee litigation.
Comparable store restaurant sales decreased 2.6%, and comparable store retail sales declined 1.8% from a year ago, respectively.
The company's Board of Directors declared a quarterly cash dividend of 25 cents payable on August 12 to shareholders on record on July 17.
The company revised its fiscal 2026 total revenue estimate to a new range between $3.27 billion and $3.30 billion, up from the previous estimated range of $3.24 billion to $3.27 billion.
The restaurant chain operator also revised higher its adjusted operating income range to between $120 million and $125 million from the previous guidance of between $85 million and $100 million.
However, the company retained its full-year capital expenditure estimate between $105 million and $115 million.
- Barry Adams
- 10 Jun, 2026
- New York City
Wall Street indexes turned lower for the second session in a row on Wednesday amid escalating tensions in the Middle East.
The S&P 500 index decreased 0.7%, and the tech-dominated Nasdaq Composite fell 1.2% amid worries that energy prices are likely to remain elevated because of the prolonged shutdown in the Strait of Hormuz.
The price of a barrel of West Texas Intermediate crude oil turned volatile and jumped as high as 1% before settling down 0.08% to $88.12.
The U.S. launched air strikes in Iran following the "yesterday's downing of a U.S. Army Apache helicopter by Iranian forces," said the U.S. Central Command.
So far, Iran has directly not claimed responsibility for shooting down the U.S. helicopter, but the escalating tensions in the Middle East have stoked fears that Iran could ramp up its attacks on the U.S. military bases in Kuwait, Jordan, the UAE, and Bahrain.
Semiconductor and memory stocks led decliners following Tuesday's market rout as investors question rapid price increases over the last ten weeks in artificial intelligence stocks.
Nvidia, Intel, AMD, Marvell Technology, Broadcom, SanDisk, Micron Technology, and Wolfspeed dropped between 2% and 6%.
U.S. Movers
Cracker Barrel jumped 9% to $39.49 after the Southern country-style restaurant chain operator reported financial results for its fiscal third quarter ending on May 1 and lifted its full-year outlook.
Total revenue decreased 2.9% to $797.4 million from $821.2 million, net income in the quarter rose to $42.8 million from $12.6 million, and diluted earnings per share advanced to $1.90 from 56 cents a year ago.
The latest quarter's net income includes a $47.4 million benefit related to a settlement agreement regarding interchange fee litigation.
Comparable store restaurant sales decreased 2.6%, and comparable store retail sales declined 1.8% from a year ago, respectively.
The company's Board of Directors declared a quarterly cash dividend of 25 cents payable on August 12 to shareholders on record on July 17.
The company revised its fiscal 2026 total revenue estimate to a new range between $3.27 billion and $3.30 billion, up from the previous estimated range of $3.24 billion to $3.27 billion.
The restaurant chain operator also revised higher its adjusted operating income range to between $120 million and $125 million from the previous guidance of between $85 million and $100 million.
However, the company retained its full-year capital expenditure estimate between $105 million and $115 million.
- Barry Adams
- 10 Jun, 2026
- New York City
Wall Street indexes turned lower for the second session in a row on Wednesday amid escalating tensions in the Middle East.
The S&P 500 index decreased 0.7%, and the tech-dominated Nasdaq Composite fell 1.2% amid worries that energy prices are likely to remain elevated because of the prolonged shutdown in the Strait of Hormuz.
The price of a barrel of West Texas Intermediate crude oil turned volatile and jumped as high as 1% before settling down 0.08% to $88.12.
The U.S. launched air strikes in Iran following the "yesterday's downing of a U.S. Army Apache helicopter by Iranian forces," said the U.S. Central Command.
So far, Iran has directly not claimed responsibility for shooting down the U.S. helicopter, but the escalating tensions in the Middle East have stoked fears that Iran could ramp up its attacks on the U.S. military bases in Kuwait, Jordan, the UAE, and Bahrain.
Semiconductor and memory stocks led decliners following Tuesday's market rout as investors question rapid price increases over the last ten weeks in artificial intelligence stocks.
Nvidia, Intel, AMD, Marvell Technology, Broadcom, SanDisk, Micron Technology, and Wolfspeed dropped between 2% and 6%.
U.S. Movers
Cracker Barrel jumped 9% to $39.49 after the Southern country-style restaurant chain operator reported financial results for its fiscal third quarter ending on May 1 and lifted its full-year outlook.
Total revenue decreased 2.9% to $797.4 million from $821.2 million, net income in the quarter rose to $42.8 million from $12.6 million, and diluted earnings per share advanced to $1.90 from 56 cents a year ago.
The latest quarter's net income includes a $47.4 million benefit related to a settlement agreement regarding interchange fee litigation.
Comparable store restaurant sales decreased 2.6%, and comparable store retail sales declined 1.8% from a year ago, respectively.
The company's Board of Directors declared a quarterly cash dividend of 25 cents payable on August 12 to shareholders on record on July 17.
The company revised its fiscal 2026 total revenue estimate to a new range between $3.27 billion and $3.30 billion, up from the previous estimated range of $3.24 billion to $3.27 billion.
The restaurant chain operator also revised higher its adjusted operating income range to between $120 million and $125 million from the previous guidance of between $85 million and $100 million.
However, the company retained its full-year capital expenditure estimate between $105 million and $115 million.
- Akira Ito
- 10 Jun, 2026
- Tokyo
Japan's indexes trimmed the previous session's gains amid rising tensions in the Middle East.
The Nikkei 225 Stock Average dropped 2.5%, the broader TOPIX decreased 1.7%, and the yen weakened to 160.35 against the U.S. dollar.
Market sentiment deteriorated after the U.S. launched "self-defense" strikes against Iran in response to the downing of an American helicopter.
In addition, the weakness in semiconductor stocks in overnight trading on Wall Street contributed to the decline in Japanese equities.
Japan's annual wholesale inflation soared to 6.3% in May, accelerating from an upwardly revised 5.3% in the previous month, according to the Bank of Japan.
The measure of wholesale prices rose at the fastest pace since March 2023, reflecting persistent cost pressures stemming from higher energy prices linked to the war in Iran.
Japan Indexes and Stocks
The Nikkei 225 Stock Average dropped 2.5% to 63,772.01, and the broader TOPIX eased 1.7% to 3,828.86.
Chipmakers and AI names led market averages lower and weighed on broader market averages.
Kioxia Holdings decreased 4%, Taiyo Yuden declined 3%, SoftBank Group plunged 8%, and Fujikura fell 6.5%.
- Akira Ito
- 10 Jun, 2026
- Tokyo
Japan's indexes trimmed the previous session's gains amid rising tensions in the Middle East.
The Nikkei 225 Stock Average dropped 2.5%, the broader TOPIX decreased 1.7%, and the yen weakened to 160.35 against the U.S. dollar.
Market sentiment deteriorated after the U.S. launched "self-defense" strikes against Iran in response to the downing of an American helicopter.
In addition, the weakness in semiconductor stocks in overnight trading on Wall Street contributed to the decline in Japanese equities.
Japan's annual wholesale inflation soared to 6.3% in May, accelerating from an upwardly revised 5.3% in the previous month, according to the Bank of Japan.
The measure of wholesale prices rose at the fastest pace since March 2023, reflecting persistent cost pressures stemming from higher energy prices linked to the war in Iran.
Japan Indexes and Stocks
The Nikkei 225 Stock Average dropped 2.5% to 63,772.01, and the broader TOPIX eased 1.7% to 3,828.86.
Chipmakers and AI names led market averages lower and weighed on broader market averages.
Kioxia Holdings decreased 4%, Taiyo Yuden declined 3%, SoftBank Group plunged 8%, and Fujikura fell 6.5%.
- Li Chen
- 10 Jun, 2026
- Hong Kong
China's benchmark indexes dropped, and investors reviewed the latest inflation updates.
The Hang Seng Index decreased 1.1%, and the mainland-focused CSI 300 Index declined 1% amid worries of resurgent inflation linked to supply disruptions in the Strait of Hormuz.
China's annual consumer price inflation held steady at 1.2% in May, while core inflation, which excludes volatile food and energy prices, eased to 1.1% according to the National Bureau of Statistics.
On a monthly basis, consumer price inflation edged down 0.1%, reversing the 0.3% rise in April.
China's annual producer price inflation accelerated to 3.9% in May from 2.8% in the previous month, the statistical agency said in a separate report.
The wholesale price inflation rose for the third consecutive month and advanced at the fastest pace since July 2022, driven by higher energy prices and tighter supply conditions for energy products.
For the first five months, the measure of inflation rose 1.0%, confirming challenging conditions for domestic demand.
China Indexes and Stocks
The Hang Seng Index decreased 1.1% to 24,292.95, and the mainland-focused CSI 300 Index dropped 1% to 4,754.80.
Semiconductor- and AI-linked stocks led decliners in Wednesday's trading and extended their losses for the third session in a row.
SMIC decreased 2.8%, Alibaba Group fell 2.6%, Tencent Holdings added 2.2%, and Lenovo Group plunged 9.9%.
PetroChina declined 5%, China Shenhua Energy fell 3.5%, and CATL decreased 2.6%.