Tokyo Stocks Slide Sharply Following Wall Street and Oil Rally
The Nikkei 225 fell 1.53% on weakness in tech and bank shares, while Japan's September inflation rose to 2.1% year on year.
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what happened
According to dpa-AFX and RTTNews, the Nikkei 225 dropped 962.98 points, or 1.53%, to 61,944.86. Pressure came from technology and banking shares: Mizuho lost more than 6%, Resona more than 6%, and SoftBank almost 6%. Sapporo Holdings led gains with a rise of more than 5%.
Japanese data came in as expected: consumer prices rose 2.1% on year in September, up from 1.9% in August, and core CPI also reached 2.1%. On Wall Street the Nasdaq fell 2.6% and the S&P 500 lost 1.2%, while WTI crude rose 2.25% to $99.34 a barrel on reports of a possible joint US-Israeli military operation against Iran.
why it matters
Higher oil on concerns about supply disruptions raises inflation risks for Japan, a major energy importer, and could support the dollar against the yen, which trades near 156. Inflation data in line with forecasts reduce the chance of surprise moves by the Bank of Japan, so external factors remain the main driver for the Asian market.
market impact
Japanese stocks and USD/JPY: weak tech and banks and higher oil add pressure on the market
tags
instruments
sources
- Japanese Market Sharply Lower — TradingView, 23 October 2026 at 01:54 UTC
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