TOKYO -- Japanese stocks reversed earlier gains to end lower on Tuesday. The benchmark index jumped above its all-time high in the morning, supported by expectations that the Fed will start cutting interest rates next week and optimism that Japanese policy shifts are on the horizon, but the rally was offset by profit-taking.
Markets
Japan stocks lose steam after hitting fresh intraday high
Nikkei index closes down despite US rate cut expectations and Japan fiscal expansion hopes
The Nikkei Stock Average at one point in the morning of Sept. 9 jumped more than 500 points, or 1.2%, surpassing the 44,000 level, before giving up gains. (Photo by Shintaro Ino)
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