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20h ago

Nikkei Tops 44,000 Intraday Before Closing Lower as Profit-Taking Returns

Investors await the Sept. 11 U.S. inflation report to test rising expectations for a September Fed rate cut.

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Overview

  • The Nikkei 225 briefly traded above 44,000 for the first time before reversing to finish at 43,459.29, down 184.52 on the day.
  • TOPIX set fresh intraday records during the session but ended lower at 3,122.12, a decline of 16.08 points.
  • Early gains in Tokyo followed a U.S. rebound on Sept. 8, when the Dow rose 114.09 points to 45,514.95 and the Nasdaq closed at a record 21,798.70.
  • Weak August U.S. jobs data strengthened expectations for Fed rate cuts, supporting risk appetite before sellers locked in profits at higher levels.
  • Caution ahead of the Sept. 11 U.S. CPI release curbed buying, with traders viewing the data as a key guide for near‑term policy and market direction.