06:40 AM EDT, 07/09/2025 (MT Newswires) -- Asian stock markets fluctuated on Wednesday due to foreign exchange movements and following a soft inflation report from Beijing, which raised concerns that mainland China's economy remains pressured by weak demand and property-sector woes.

Tokyo gained, while Hong Kong and Shanghai fell back. Other regional exchanges were also mixed.

In Japan, the Nikkei 225 finished up 0.3% as a softer yen boosted export issues.

The benchmark Nikkei 225 rose 132.47 to 39,821.28, as gaining issues outnumbered losers 174 to 46.

Leading the upside was Sumitomo Pharma, up 7.7%, while IT giant Fujitsu declined 3.3%.

In economic news, the Trump Administration's proposed 25% tariff on imports from Japan may reduce the island nation's gross domestic product by 0.8% in 2025, according to an estimate by the Daiwa Institute of Research, reported The Mainichi newspaper.

In Hong Kong, the Hang Seng Index closed down 1.1% after a cool inflation report from Beijing undercut market optimism.

The broad gauge Hang Seng fell 255.75 to 23,892.32, as losing issues outnumbered gainers 62 to 23. The Hang Seng TECH Index lost 1.8% on the day, while the Mainland Properties Index fell 0.3%.

Leading the upside was Sino Biopharmaceutical, gaining 10.1%, while Henderson Land Development declined 8.6%.

On the mainland, the Shanghai Composite fell 0.1% to 3,493.05.

In economic news, China's consumer price index (CPI) rose a scant 0.1% on the year in June, swinging from a 0.1% year-on-year decline in May, reported the National Bureau of Statistics (NBS).

China's producer price index (PPI) declined 3.6% on the year in June, following a 3.3% year-on-year drop in May, added the NBS.

On the other regional exchanges, the S. Korean KOSPI rose 0.6%; the Taiwan TWSE rose 0.7%; the Australian ASX 200 declined 0.6%; the Singapore Straits Times Index fell 0.2%, and the Thai Set declined 0.5%. In late trading in Mumbai, the Sensex was down 0.2%.