05:46 AM EST, 12/11/2025 (MT Newswires) -- Asian stock markets tracked lower Thursday after US IT giant Oracle (ORCL) reported late Wednesday softer-than-expected revenue, undercutting peer tech issues on both sides of the Pacific.

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

In Japan, the Nikkei 225 opened evenly but waned in the afternoon as traders digested the quarterly financial report from Oracle, and backed away from tech issues in Tokyo.

The benchmark Nikkei 225 fell 453.98 to 50,148.82, as losing issues outnumbered gainers 170 to 51.

Leading the upside was conglomerate Mitsui, up 4.9%, while tech-financiers SoftBank declined 7.7%. SoftBank has partnered with Oracle to promote AI services in the US, in the Stargate project.

In economic news, Japan's Business Survey Index (BSI) for large manufacturers rose to 4.7% in the fourth quarter, up from 3.8% in the previous period, and marking the strongest reading of 2025, reported the Cabinet Office. Readings above 0% point to improving business conditions.

In Hong Kong, the Hang Seng Index opened higher but declined in trading, closing flat as tech shares lost favor and as markets awaited signals Beijing's Central Economic Work Conference, the upcoming annual meeting that sets agendas for the coming year.

The broad gauge Hang Seng fell 10.27 to 25,530.51, as losing issues outnumbered gainers 50 to 37. The Hang Seng TECH Index lost 0.8% on the day, while the Mainland Properties Index rose 0.4%.

Leading the upside was bank HSBC, gaining 2.1%, while Alibaba Health Information Technology declined 4%.

On the mainland, the Shanghai Composite fell 0.7% to 3,873.32.

In economic news, the Hong Kong Monetary Authority (HKMA) cut its key base rate to 4.00% from 4.25%, following the similar rate cut on Wednesday by the US Federal Reserve.

On the other regional exchanges, the S. Korean KOSPI fell 0.6%; the Taiwan TWSE lost 1.3%; the Australian ASX 200 added 0.2%; the Singapore Straits Times Index gained 0.2%, and the Thai Set fell 1.3%. In late trading in Mumbai, the Sensex was up 0.5%.

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