Asia stocks fall on US-Iran flare-up, chip losses; inflation jitters weigh in Stock News 10/06/2026 Asian stocks fell on Wednesday, pressured by heightened risk aversion after a renewed military flare-up between the U.S. and Iran, while a recovery in technology stocks also fizzled out. South Korea’s KOSPI was the worst performer in the region, pressured renewed losses in heavyweight chipmaking stocks after a major wipeout on Monday. Chinese and Japanese stocks slid after local inflation data raised heightened concerns over the inflationary impact of the Iran war. Asian markets took a middling lead-in from Wall Street, as a flare-up in U.S.-Iran tensions and renewed losses in chipmakers spurred overnight losses. S&P 500 Futures fell 0.2%, with focus turning to key U.S. consumer price index inflation data due later in the day. Regional markets were spooked by a spike in oil prices, after the U.S. and Iran exchanged a fresh round of strikes on Tuesday evening. The renewed hostilities stemmed from Iran’s shooting down of a U.S. helicopter in the Strait of Hormuz earlier this week. China, Japan stocks dip on inflation concerns Japan’s Nikkei 225 index fell 1.1%, while the broader TOPIX index shed 0.7%. Japanese producer price index inflation read much hotter than expected for May, driven chiefly by higher fuel costs, stemming from the Iran war. The print spurred concerns that surging factory gate prices could spill over into the broader economy, in turn pushing the Bank of Japan into hiking interest rates further. The central bank signaled it will discuss raising interest rates when it meets next week. Losses in tech also weighed on the Nikkei. SoftBank Group Corp. (TYO:9984) tumbled nearly 10% after Bloomberg reported that the tech conglomerate’s talks with potential creditors to raise $6 billion from a margin loan backed by its OpenAI stake had stalled. China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes fell 1% and 0.6%, respectively. Chinese CPI data