06:55 AM EDT, 03/11/2024 (MT Newswires) -- Asian stock markets were choppy after tech issues and broader market indices faltered on Wall Street on Monday. New York equities futures markets also flashed red during Asian trading hours.

Hong Kong and Shanghai gained but Tokyo finished in the red, as did most other regional exchanges.

In Japan, the Nikkei 225 opened lower on Wall Street cues and never recovered, finishing down 2.2% after tech issues weakened following declines in US peers, and export stocks sagged on a stronger yen.

The benchmark Nikkei 225 fell 868.45 to 38,820.49, as losing issues outnumbered gainers 193 to 31.

Leading the upside was Dai Nippon Printing, up 5.8%, while Mitsui Mining & Smelting lost 7%.

In economic news, boosted by capital outlays, Japan's gross domestic product (GDP) expanded by a seasonally adjusted 0.4% in the fourth quarter, a swing from the preliminary 0.4% projected shrinkage announced last month, reported the Cabinet Office.

In Hong Kong, the Hang Seng Index opened higher and rose to the close, closing up 1.4% as Beijing reported consumer prices may have existed deflation, possibly signaling economic growth.

The broad gauge Hang Seng rose 234.18 to 16,587.57, as gaining issues outnumbered losers 65 to 14. The Hang Seng TECH Index gained 2.5% on the day, while the Mainland Properties Index rose 1.8%.

Leading the upside was Xinyi Solar, gaining 11.2%, while coal miner China Shenhua Energy brought up the rear, falling 4%.

On the mainland, the Shanghai Composite rose 0.7% to 3,068.46.

In economic news, mainland China's consumer price index (CPI) edged up 0.7% on year in February, a swing from the 0.8% on-year decline recorded in January, the National Bureau of Statistics reported on Saturday.

China's producer price index (PPI), a gauge of prices at the factory gate, declined 2.7% on year in February, the NBS reported.

On the other regional exchanges, the S. Korean KOSPI fell 0.8%; the Taiwan TWSE declined 0.3%; the Australian ASX 200 declined 1.8%; the Singapore Straits Times Index fell 0.3%, and the Thai Set declined 0.5%. In late trading in Mumbai, the Sensex was down 0.9%.