Nikkei Falls to Nearly 3-Month Low Amid Strong Risk-Off Sentiment -- Market Talk

0641 GMT - The Nikkei Stock Average fell 2.65% to 62907.84, its lowest closing level since July 30, amid strong risk-off sentiment. "Investors questioned whether the latest round of AI earnings was strong enough to justify elevated valuations and continued heavy spending on computing infrastructure," InTouch Capital Markets analysts say in commentary. Also, "the growth sensitive backdrop was compounded by renewed geopolitical concerns," the analysts add. Among the worst performers on Japan's benchmark index, Resonac Holdings slid 11.2%, Ibiden dropped 9.5%, and Screen Holdings fell 8.8%. The dollar was at 157.10 yen versus Y158.14 around Wednesday's Tokyo market close. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

October 22, 2026 02:41 ET (06:41 GMT)