Nikkei Slides 2.2% as Chipmakers and Banks Lead Tokyo Losses
Market Talk reports the Nikkei fell 2.2% in early trade, led lower by Kioxia and Mizuho as worries over energy costs weigh on sentiment.
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what happened
Japanese stocks are trading lower in early session after U.S. technology shares fell overnight. Investors fear that higher energy costs may persist.
Semiconductor and bank shares are hit hardest: Kioxia Holdings has dropped 9.2% and Mizuho Financial Group has slipped 5.6%. The Nikkei Stock Average has fallen 2.2% to 61518.38.
The dollar trades at 156.32 yen, below Thursday's Tokyo close of 157.19 yen.
why it matters
Crude oil prices and developments in Ukraine and the Middle East remain the key swing factors for Japanese equities. The index is heavily weighted toward chip and bank stocks, so their decline weighs on the benchmark. A softer yen matters for exporters, but the report gives no direct cause for the move, so traders should keep an eye on oil and geopolitical headlines.
market impact
Japanese equities: pressure from chipmakers and banks; yen near 156 per dollar.
tags
instruments
sources
- Nikkei Falls 2.2%, Dragged by Chip, Bank Stocks — Market Talk, 23 October 2026 at 00:12 UTC
- Nikkei Falls 2.2%, Dragged by Chip, Bank Stocks — Market Talk, 23 October 2026 at 00:12 UTC
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